Satya Nadella pulls off $1.5 bn, OpenAI-type deal with G42 to cement Microsoft’s AI lead
8 months ago

Satya Nadella pulls off $1.5 bn, OpenAI-type deal with G42 to cement Microsoft’s AI lead

Hindustan Times  

When it comes to deal-making, there is no one better than Microsoft CEO Satya Nadella. Microsoft CEO Satya Nadella has inked a deal with Abu Dhabi-based G42, a company linked to OpenAI. Nadella had hired Mustafa Suleyman, a cofounder of Google’s DeepMind who was the CEO of Inflection AI to head a new AI division at Microsoft. In his X post, Microsoft President Brad Smith said, “We will combine world-class technology with world-leading standards for safe, trusted, and responsible AI, in close coordination with the governments of both the UAE and the United States.” Peng Xiao, Group Chief Executive Officer of G42, said, “Through Microsoft’s strategic investment, we are advancing our mission to deliver cutting-edge AI technologies at scale.”

Tech Ai Deal Openai Satya Nadella G42 Nadella Cement Microsoft  cement  microsoft  microsofts  ai  g42  openai  ceo  nadella  satya  inflection  openaitype  bn  tech  lead  world  pulls  deal

History of this topic

Microsoft CEO's Pay Soars 63% Despite Company Layoffs
1 month, 4 weeks ago

Microsoft CEO's Pay Soars 63% Despite Company Layoffs

Hindustan Times  

Microsoft CEO Satya Nadella's jaw-dropping pay jump despite the company's massive layoffs has been revealed, with his total compensation rising to $79.1 million, a 63% increase from the previous year. Nadella's bonus was reduced by $5.46 million due to cybersecurity lapses, but he still pockets a significant amount of money, reflecting strong company performance and his accountability for security lapses …

Mustafa Suleyman joins Microsoft AI as CEO: All you need to know
9 months ago

Mustafa Suleyman joins Microsoft AI as CEO: All you need to know

India TV News  

Satya Nadella, the CEO and Chairman of Microsoft, one of the world's leading tech players, welcomed Mustafa Suleyman, who has been appointed as the new CEO of the company’s artificial intelligence venture. Thrilled to have you lead Microsoft AI as we build consumer AI, like Copilot, that is loved by and benefits people around the world.” Mustafa on the other …

Microsoft-backed OpenAI secures $80 billion valuation
10 months, 1 week ago

Microsoft-backed OpenAI secures $80 billion valuation

Hindustan Times  

OpenAI, an artificial intelligence company backed by Microsoft, has secured a deal that values it at more than $80bn, according to the New York Times. The deal involves a tender offer led by Thrive Capital, a venture firm, in which existing shareholders of OpenAI can sell their shares. In early 2023, the company agreed to a similar tender offer from …

OpenAI chief Sam Altman is seeking up to $7 TRILLION from investors including the UAE for secretive project to 'reshape the global semiconductor industry'
10 months, 2 weeks ago

OpenAI chief Sam Altman is seeking up to $7 TRILLION from investors including the UAE for secretive project to 'reshape the global semiconductor industry'

Daily Mail  

OpenAI chief Sam Altman is reportedly seeking trillions of dollars to reshape the global semiconductor industry, and has held talks with potential investors including the UAE government. According to the Journal, Altman has met with several potential investors, including SoftBank Chairman Masayoshi Son and Sheikh Tahnoun bin Zayed al Nahyan, the UAE's head of security. OpenAI chief Sam Altman is …

Microsoft’s Nadella woos Indian developers to the company’s AI tools
10 months, 2 weeks ago

Microsoft’s Nadella woos Indian developers to the company’s AI tools

Associated Press  

BENGALURU, India — Microsoft CEO Satya Nadella urged in a speech to more than a thousand Indian computer code developers on Thursday that they use the company’s artificial intelligence tools being deployed across its products. Speaking in Bengaluru, India’s “Silicon Valley,” Nadella noted that more than 13.2 million Indian developers are currently on GitHub, an internet hosting service for software …

Microsoft CEO defends OpenAI partnership after EU, UK probes
11 months, 1 week ago

Microsoft CEO defends OpenAI partnership after EU, UK probes

New Indian Express  

Microsoft CEO Satya Nadella on Tuesday defended his company's multi-billion-dollar investment in ChatGPT developer OpenAI after the EU and Britain launched probes into whether it resembles a merger. "If we want competition in AI against some of the players who are completely already integrated, I think partnerships is one avenue of, in fact, having competition," Nadella said. Microsoft has poured …

OpenAI in Talks to Raise New Funding, Could Be Valued at $100 Billion
1 year ago

OpenAI in Talks to Raise New Funding, Could Be Valued at $100 Billion

News 18  

– OpenAI is in early talks to raise a fresh round of funding at a valuation at or above $100 billion, Bloomberg News reported on Friday, citing people with knowledge of the matter. OpenAI has also held discussions to raise funding for a new chip venture with Abu Dhabi-based G42, according to the report. It is unclear if the chip …

After Sam Altman joins back OpenAI, this is what Satya Nadella felt
1 year, 1 month ago

After Sam Altman joins back OpenAI, this is what Satya Nadella felt

India TV News  

After an intense drama of five days, Sam Altman joins OpenAI as the CEO of the company. There is no better example of this than these past 5 days, when I saw people across the company remaining focused on our mission and serving our customers and partners, stepping up to help in every way possible.” Kevin Scott, Chief Technology Officer …

Today’s Cache | Binance fined $4 billion as CEO steps down; Sam Altman to return as OpenAI CEO; Epic Games chief lambasts Google in court
1 year, 1 month ago

Today’s Cache | Binance fined $4 billion as CEO steps down; Sam Altman to return as OpenAI CEO; Epic Games chief lambasts Google in court

The Hindu  

Binance fined $4 billion as CEO steps down The largest cryptocurrency exchange in the world, Binance, was hit with a $4 billion fine in one of the costliest legal penalties faced by a crypto company. Sam Altman to return as OpenAI CEO Though Microsoft CEO Satya Nadella stated that fired OpenAI CEO Sam Altman and his colleagues would be joining …

Sam Altman to return as OpenAI CEO after shock ouster
1 year, 1 month ago

Sam Altman to return as OpenAI CEO after shock ouster

Deccan Chronicle  

SAN FRANCISCO: ChatGPT creator OpenAI announced Tuesday that Sam Altman would return as its CEO, days after his shock dismissal plunged the pioneering artificial intelligence firm into crisis. Altman's dramatic exit on Friday sparked intense lobbying from OpenAI's biggest investors, including tech titan Microsoft, for his return. OpenAI wrote on X that it "reached an agreement in principle for Sam …

Satya Nadella's reaction as Sam Altman returns to OpenAI
1 year, 1 month ago

Satya Nadella's reaction as Sam Altman returns to OpenAI

Hindustan Times  

Microsoft CEO Satya Nadella welcomed Sam Altman's decision to go back to OpenAI which fired him a few days ago and said he talked with Sam over the issue. Microsoft CEO Satya Nadella said he talked with Sam Altman over his return to OpenAI. After OpenAI fired Sam Altman in a surprise move on Friday, Microsoft hired Sam Altman and …

There is No OpenAI Without Microsoft Leaning In: Microsoft CEO Satya Nadella Opens Up About The Manic Weekend
1 year, 1 month ago

There is No OpenAI Without Microsoft Leaning In: Microsoft CEO Satya Nadella Opens Up About The Manic Weekend

News 18  

It has been a hectic 48 hours for Microsoft CEO Satya Nadella as he juggled between India-Australia World Cup final, and the continued soap opera at OpenAI. “We have the compute, the data and everything to take AI into the next phase which gives us significant rights on OpenAI,” Nadella explained during the episode with noted journalist Kara Swisher. Ever …

Sam Altman’s friends: Satya Nadella of Microsoft is certainly one of them
1 year, 1 month ago

Sam Altman’s friends: Satya Nadella of Microsoft is certainly one of them

Hindustan Times  

After Friday's shocking decision by OpenAI to remove Sam Altman, it was Satya Nadella, whose Microsoft Corp. is the ChatGPT-maker's biggest backer, who has been working with investors, including Thrive Capital and Tiger Global Management, to bring back the ousted CEO. Microsoft CEO Satya Nadella greets then OpenAI CEO Sam Altman during the OpenAI DevDay event on November 06, 2023. …

Sam Altman set to join Microsoft, will lead major AI project, reveals CEO Satya Nadella
1 year, 1 month ago

Sam Altman set to join Microsoft, will lead major AI project, reveals CEO Satya Nadella

Firstpost  

Instead of starting his own venture, Sam Altman will be joining Microsoft to lead a new special project, focussing on advanced AI research, as per an announcement by Microsoft CEO Satya Nadella Former OpenAI CEO is set to join Microsoft following his ouster from the AI company, announced Microsoft CEO Satya Nadella, in a post on X. Following the surprising …

Who is OpenAI ex-CEO Sam Altman? Here's why he joined Satya Nadella-led Microsoft
1 year, 1 month ago

Who is OpenAI ex-CEO Sam Altman? Here's why he joined Satya Nadella-led Microsoft

Hindustan Times  

Days after his unceremonious exit from OpenAI, the firm's founder Sam Altman will join Microsoft. Sam Altman, former OpenAI CEO, has now joined Satya Nadella's firm Microsoft. Nadella also appeared to confirm Emmett Shear's reported appointment as the new OpenAI CEO, saying they are "looking forward to getting to know Emmett Shear and OAI's new leadership team and working with …

Microsoft wants to be part of OpenAI board if Sam Altman returns as CEO
1 year, 1 month ago

Microsoft wants to be part of OpenAI board if Sam Altman returns as CEO

India Today  

Microsoft, which is currently one of the biggest financial supporters of OpenAI, is planning to take up a position on the company's board of directors if the ousted CEO, Sam Altman, returns to lead the ChatGPT developer. The publication citing close sources further reveals that Microsoft's plans to join the board are also part of the ongoing discussions regarding the …

In OpenAI and Sam Altman fight, Microsoft Boss Satya Nadella is the real winner
1 year, 1 month ago

In OpenAI and Sam Altman fight, Microsoft Boss Satya Nadella is the real winner

India Today  

There is no denying that at the moment the biggest AI company is OpenAI. The reason: Microsoft and Satya Nadella announced that they are hiring Altman and Greg Brockman "to lead a new advanced AI research team". And given that Altman and Brockman are essentially a big part of OpenAI, the two are expected to bring key AI knowhow as …

Satya Nadella on Microsoft's plans after OpenAI sacks CEO Sam Altman: ‘We will…’
1 year, 1 month ago

Satya Nadella on Microsoft's plans after OpenAI sacks CEO Sam Altman: ‘We will…’

Hindustan Times  

Soon after OpenAI, the company that launched ChatGPT a year ago, removed its CEO Sam Altman, speculation was rife that Microsoft Corp., the world’s largest maker of software and OpenAI’s biggest backer, might have been involved in his removal. But Microsoft chief executive officer Satya Nadella tried to ease any concerns Altman’s departure could hurt his company’s long-term artificial intelligence …

'Super Intelligent' AI On The Way? OpenAI CEO Acknowledges GPT-5's Existence
1 year, 1 month ago

'Super Intelligent' AI On The Way? OpenAI CEO Acknowledges GPT-5's Existence

News 18  

Earlier this month, OpenAI unveiled GPT-4 Turbo, an improved and speedier version of the GPT-4 LLM currently powering ChatGPT Plus and even Microsoft Bing Chat. However, in a recent interaction with the Financial Times, OpenAI’s CEO, Sam Altman, officially revealed that the AI giant is also working on GPT-4’s successor—GPT-5. But I can’t tell you here’s exactly what it’s going …

Microsoft’s Satya Nadella Is Betting Everything on AI
1 year, 6 months ago

Microsoft’s Satya Nadella Is Betting Everything on AI

Wired  

I never thought I'd write these words, but here goes. Nadella hopped all over the company and stayed through the downtimes, including after Microsoft's epic antitrust court battle and when it missed the smartphone revolution. He open-sourced products such as.net, made frenemies of former blood foes, and began a series of big acquisitions, including Mojang, Linked­In, and GitHub—networks whose loyal …

Discover Related