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The AI startup Inflection closed a $1.3 billion funding round in 2023, but just a year later its main investor Microsoft has taken on some of its key employees. In a blog post published by Microsoft yesterday (Mar. 19) the CEO Satya Nadella shares a message to its employees: “I want to share an exciting and important organizational update today. We are in Year 2 of the AI platform shift and must ensure we have the capability and capacity to boldly innovate… “In that context, I’m very excited to announce that Mustafa Suleyman and Karén Simonyan are joining Microsoft to form a new organization called Microsoft AI, focused on advancing Co...... Read Full article on HadNews

Microsoft’s market cap briefly exceeded $3 trillion for the first time in its history on Wednesday, positioning it as the world’s second-largest company in terms of market value, following Apple Inc. Since the beginning of the year, the tech giants have been competing for the top spot, with the iPhone maker temporarily capitulating its position to the Washington-based firm on January 12th. Microsoft stocks climbed more than 1% and hit a record high of $405.15 as investors rallied around the company’s expansion into AI. According to CNBC, the shares are reportedly up more than 7% year to date. Apple became the first company to hit $3 tr...... Read Full article on HadNews