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AI

Microsoft AI advancements boost revenues to $62bn

Microsoft's Cloud and Windows services helped it beat Wall Street forecasts of revenue for the second quarter. Analysts had estimated that revenue would be $61.12 billion, but it rose 18% to $62 billion. Microsoft's Intelligent Cloud…

AMD launches new AI chip to compete with Nvidia

AMD, a chip designer, is now selling a product that aims to challenge Nvidia's stronghold in the market for artificial intelligence processors.It estimates this market to be worth 400bn dollars by 2027. Lisa Su, AMD's chief executive,…

Microsoft hires Sam Altman, former OpenAI CEO

Microsoft has hired Sam Altman to head a new team for advanced artificial intelligence after unsuccessful attempts to restore him as the chief executive of OpenAI. Satya Nadda, the CEO of Microsoft, confirmed the appointment in a Monday…