Continuing its downward trend, Alibaba’s shares experienced a second day of decline on Friday. The company’s losses worsened due to the abandonment of its cloud unit’s spin-off plans, a consequence of the ongoing dispute between the United States and China.
Microsoft’s shares rose in premarket trading on Wednesday, while Alphabet experienced a slump due to disappointing cloud revenue, catching the attention of investors.
Amazon’s cloud division exhibited robust performance, resulting in a substantial boost of more than 5% for the Big Tech stock during premarket trading on Friday.
AWS, short for Amazon Web Services, is a renowned division of the e-commerce giant Amazon. It provides an extensive array of cloud computing services that cater to various needs. One of the key reasons behind its popularity is the pay-as-you-go model, allowing users to only pay for the resources they utilize.
According to The Verge, OpenAI’s board is discussing the return of Sam Altman as CEO, as reported by multiple sources. However, Altman is unsure about returning and would require significant changes.
Amazon is launching “AI Ready,” an initiative that offers free educational courses on generative AI. The aim is to provide essential skills to adults and young learners globally. The program is an extension of their existing AWS-based AI skills training.
Microsoft’s latest move to assert its dominance in the AI computing market comes in the form of its first-ever homegrown AI chip and cloud-computing processor. This strategic step allows Microsoft to have better control over its technology while expanding its offerings in the fiercely competitive field. Accompanying this development is the introduction of new software to further enhance its capabilities.
Introducing Microsoft’s new “Windows App” – offering remote connection to Windows PCs from any platform. Accessible on macOS, iOS, iPadOS, PCs, and web browsers, this app is more than just a gateway. It opens the doors to Windows 365, Azure Virtual Desktop, and numerous Microsoft services.
In the midst of widespread GPU shortages, Microsoft looks for innovative solutions to power its AI language models and turns to custom silicon.
Altman, removed by OpenAI’s board on Friday, quickly returned on Sunday to negotiate a comeback while ex-Twitch CEO Emmett Shear was selected as the interim CEO by the board.