
Microsoft will expand its AI and cloud presence in India, including training 10 million individuals by 2030 and supporting AI startups.
American tech giant Microsoft plans to invest $3 billion to expand its cloud computing and artificial intelligence capabilities in India.
The investment includes providing artificial intelligence training to 500,000 individuals and establishing new data centers.
On Jan. 8, Microsoft CEO Satya Nadella shared the company’s plan to invest $3 billion in India over two years to build AI and cloud capabilities, calling it “the single largest expansion we have ever done in India.” The announcement was made at the Microsoft AI Tour in Bengaluru.
Microsoft shareholders have voted against a proposal that would essentially force the tech giant’s board of directors to consider buying Bitcoin (BTC). The resolution would have pushed the firm’s board of directors to “conduct an assessment to determine if diversifying the Company’s balance sheet by including Bitcoin is in the best long-term interests of shareholders.” […]
The post Bitcoin Price Drops As Microsoft Shareholders Say No To BTC appeared first on The Daily Hodl.
Billionaire Ken Fisher is dramatically increasing his firm’s position in US banking giant JPMorgan Chase. New SEC filings show Fisher, who founded the $244 billion Fisher Asset Management, has increased the firm’s JPMorgan Chase (JPM) holdings by about $800 million in Q3, adding 4.04 million shares. That’s a 31% rise in the firm’s exposure to […]
The post Billionaire Ken Fisher Pours $800,000,000 Into JPMorgan Chase in Massive Bet on US Bank – Here’s His Top Picks As 2025 Arrives appeared first on The Daily Hodl.
MicroStrategy’s Michael Saylor gave Microsoft a three-minute, 44-slide pitch on why it should spend $100 billion a year to buy Bitcoin.
MicroStrategy chair and Bitcoin bull Michael Saylor told Microsoft’s board of directors that the firm could add nearly $5 trillion to its market cap if it were to go all-in on Bitcoin.
Saylor made the point during a pitch to Microsoft’s board on why the tech giant should buy Bitcoin, whipping through 44 slides in a little over three minutes.
“Microsoft can’t afford to miss the next technology wave, and Bitcoin is that wave,” Saylor said to open his pitch in a video shared on Dec. 1, which urged Microsoft to convert its cash flows, dividend payouts, stock buybacks and debt into the cryptocurrency, adding:
Elon Musk also claimed OpenAI had engaged in “predatory practices” through its partnership with Microsoft, together owning nearly 70% of the generative AI market.
Billionaire Elon Musk has filed another motion to block ChatGPT-creator firm OpenAI from converting to a for-profit enterprise while also alleging it has been engaging in anti-competitive practices.
Musk accused OpenAI, its CEO Sam Altman, President Greg Brockman and stakeholder Microsoft of violating terms of Musk’s “foundational contributions to the charity,” according to the motion for a preliminary injunction filed on Nov. 30.
Musk co-founded OpenAI in 2015 and was an early board member until he left the company in 2018.
The new hardware could ultimately host a theoretical algorithm with the potential to transform proof-of-work.
Microsoft and Atom Computing, a technology firm based in California, recently announced a breakthrough in quantum computing that could pave the way for a proof-of-work transformation in the world of blockchain mining.
Scientists and engineers from the two companies developed a quantum computing system made up of 24 entangled logical qubits produced by just 80 physical qubits — a feat that sets a new record for the highest number of entangled logical qubits achieved using error correction techniques.
The significance of this scientific breakthrough is in the teams’ achieved efficiency. Previous estimates have indicated that it could take thousands of physical qubits working in tandem to produce a single logical qubit.