Call it a modern-day version of a spectacular Renaissance patronage. Since 2019 Microsoft has provided more than $13bn in cash and computing capacity to OpenAI , a once-penniless startup that is now at the forefront of generative artificial intelligence (AI) and, as of its most recent fundraising round, worth $157bn. In exchange, Microsoft has gained … Read more
When ChatGPT took everyone by storm in November 2022, it was OpenAI, the startup behind it, that seized the business world’s attention. But, as usual, big tech is back on the front foot. Nvidia, maker of accelerator chips that are at the core of generative artificial intelligence (AI), is now duelling with Microsoft, a tech … Read more
In a recent social media post, Zak Kukoff, a prominent investor and former Principal at General Catalyst, has taken a swipe at Microsoft’s CEO, Satya Nadella, over remarks regarding OpenAI’s ChatGPT. Kukoff’s remark came in response to a statement made by Nadella, which Kukoff described as “baller.” In a screenshot shared on X, Kukoff highlighted … Read more
One reason the world’s corporate elite jet off to Davos each year is to check in on important relationships, be they with critical suppliers or big-spending clients. This year many are wondering about their relationships with Microsoft and OpenAI , the startup behind ChatGPT. The companies are the world’s most prominent purveyors of artificial intelligence … Read more