Tag Archives: competition

Google slashes over 1,000 jobs to focus on AI amid competition with Microsoft, OpenAI

Google slashes over 1,000 jobs to focus on AI amid competition with Microsoft, OpenAI

“Throughout the second half of 2023, a number of our teams made changes to become more efficient and work better, and to align their resources to their biggest product priorities,” a spokesperson for the Mountain View, California-based company said in a statement. “Some teams are continuing to make these kinds of organisational changes, which include some role eliminations globally.” Alphabet shares were little changed on Thursday, closing at US$142.08 in New York. A statue of the… Source link

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Microsoft’s big ChatGPT investment should have the competition shaking

Microsoft’s big ChatGPT investment should have the competition shaking

Wednesday, Jan. 25, 2023 Microsoft’s $10 billion investment in OpenAI puts Amazon, Google, and others on notice Microsoft (MSFT) is pulling out all of the stops in an effort to ensure that it’s the dominant force in AI among its Big Tech peers. And the Redmond-based software giant’s $10 billion investment in ChatGPT developer OpenAI could be the key to doing just that. The move, which Microsoft and OpenAI announced on Monday, will allow Microsoft to deploy GPT-3, the service that the… Source link

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