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Microsoft Corporation intends to lessen its reliance on OpenAI , the company that created ChatGPT after investing nearly $14 billion in OpenAI. ET Year-end Special Reads Corporate Kalesh: Top family disputes of India Inc in 2024 The world of business lost these eminent people in 2024 Fast, faster, fastest: How 2024 put more speed into your shopping What exactly happened? According to Reuters, which cited people familiar with the endeavour, Microsoft has been working on incorporating both internal and external artificial intelligence models into its AI product, Microsoft 365 Copilot . This is a calculated move to cut expenses and diversify from OpenAI's current foundational technology. According to the report, which cited sources, the Satya Nadella-led company is also reducing 365 Copilot's reliance on OpenAI because of worries about cost and speed for enterprise users. According to a Microsoft representative cited in the report, the company is still working with OpenAI on frontier models. Depending on the product and experience, we use different OpenAI and Microsoft models. Microsoft 365 Copilot has not yet demonstrated its value to businesses. The tech behemoth has not disclosed precise sales figures regarding the quantity of licenses sold, as quoted in a report by Benzinga. 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Company says GPT-5 running behind schedule, with results that don’t justify the enormous costs Why is it important? Other Microsoft business units have changed how they use OpenAI models, and this move is similar to theirs. For instance, GitHub, acquired by Microsoft in 2018, added models from Anthropic and Alphabet Inc.'s Google in October as alternatives to OpenAI's GPT-4. Previously, it was reported that company insiders were concerned about Microsoft’s AI strategy being heavily reliant on its partnership with OpenAI. The two businesses held discussions in October to determine how Microsoft's $14 billion investment in OpenAI would be turned into stock in the AI company. According to a report released in December, OpenAI intends to eliminate a provision that limits Microsoft's access to its most sophisticated AI models once artificial general intelligence is achieved. FAQs Why is Microsoft reducing its reliance on OpenAI? Microsoft intends to address concerns about cost, speed, and flexibility by incorporating internal and third-party AI models into products such as Microsoft 365 Copilot. How does this change impact Microsoft's partnership with OpenAI ? No, OpenAI is still a key partner. Microsoft continues to integrate OpenAI models alongside its own and others to ensure diverse AI capabilities. (You can now subscribe to our Economic Times WhatsApp channel )Review: The Anker Solix C300 rewrites the compact portable power station rule book
More than 10 million people empowered so far through the 34 by 34 initiative ATLANTA , Dec. 5, 2024 /PRNewswire/ -- Cox Enterprises today announced that it has empowered 10.6 million people to live more prosperous lives since 2020, a significant milestone in its 34 by 34 social impact initiative . This achievement represents a wide range of efforts across Cox and its businesses, Cox Communications and Cox Automotive. Cox is committed to solving business problems that also remove obstacles present in communities and society at large, from bridging the digital divide to addressing social equity and environmental sustainability challenges. "Cox is a company of innovators, changemakers and believers of being part of something bigger than ourselves," said Maury Wolfe , vice president of Corporate Responsibility and Social Impact at Cox Enterprises. "To drive our 34 by 34 social impact initiative forward, employees across our businesses have led countless acts of volunteering and community engagement, from cleaning up waterways and building outdoor learning labs to mentoring students. We're humbled to see the ripple effect throughout our communities." 34 by 34 focuses on six key pathways to create positive change: technology access, access to lifelong education, employment skills, social equity, environmental sustainability, and good health. These pathways provide a holistic approach to empowering individuals and communities. Key examples of Cox's business and employee volunteering impact include: Lifelong Education: Since 2020 Cox has helped more than 100,000 elementary school students through its work with Junior Achievement Biztowns, where students run a simulated town for a day. Through activities like managing banks, operating restaurants and electing a mayor, students experience firsthand how their lessons apply to real-world scenarios. Social Equity: Through Techstars Powered by Cox Enterprises, startup companies like Branch are helping drive social impact. For example, Branch partnered with local media in Georgia to create a best-in-class voter guide for the 2024 primaries, boosting political engagement. Branch is just one of over 80 startups supported by Techstars Powered by Cox Enterprises, which has positively impacted more than 12,000 additional people through purpose-driven innovations. Environmental Sustainability: Cox is always mindful in its use of natural resources. To date, more than 1.2 million people have benefited from Cox's work to protect and preserve the environment as part of its 34 by 34 initiative. Cox's commitment to environmental sustainability was recently recognized by Keep America Beautiful and the organization's "Do Beautiful Things" Corporate Volunteer Award, which highlights Cox's dedication to volunteerism and environmental sustainability. Visit Cox34by34.com to see stories of our impact and watch this video to learn more about the 34 by 34 initiative. About Cox Enterprises Cox Enterprises is dedicated to empowering people to build a better future for the next generation. Cox is a leader in the broadband, automotive, and media industries, as well as a leading investment platform with strategic positions in emerging technologies driving the future of agriculture, renewable energy, healthtech, and public sector software. Headquartered in Atlanta, Georgia , Cox is a global company with $23 billion in annual revenues and a proud history spanning more than 125 years. To learn more about Cox and its commitment to its people, planet and communities, visit coxenterprises.com . SOURCE Cox Enterprises
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Jonathan Kitchen In the summer of 2023 I believed that Quaker Chemical ( NYSE: KWR ) was offering a mixed bag for investors. While I believed that more earnings upside was seen, the company has only been posting flattish earnings amidst falling sales here, due If you like to see more ideas, please subscribe to the premium service "Value in Corporate Events" here and try the free trial. In this service we cover major earnings events, M&A, IPOs and other significant corporate events with actionable ideas. Furthermore, we provide coverage of situations and names on request! The Value Investor has a Master of Science with specialization in financial markets and a decade of experience tracking companies via catalytic company events. Value In Corporate Events Learn more Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
The Additional Chief Secretary (Transport) has written to Chief Minister Atishi denying the allegation that a probe is being planned against her in connection with the free bus travel scheme for women. “My attention is drawn to news reports on television and social media wherein former Chief Minister Arvind Kejriwal is seen alleging that an inquiry is being contemplated in the Transport Department implicating your good self. I would like to place on record that no such inquiry has even been contemplated by the Transport Department,” he said in his letter dated December 26. The officer said no communication has been received from the Delhi Vigilance Department in this regard. “The aforesaid claim is absolutely misplaced and misleading,” he added. The accusation Aam Aadmi Party (AAP) national convener Arvind Kejriwal had on December 25 alleged that the BJP-led Centre was “hatching a conspiracy” to arrest Ms. Atishi with the help of Central probe agencies in a false case related to the Transport Department to stop the pink ticket scheme, which enables women to travel free on public buses in the city. Mr. Kejriwal also alleged that they had received information from their credible sources that a meeting was held between officials of the Enforcement Directorate, Central Bureau of Investigation, and Income Tax Department, where orders were given from “higher-ups” to arrest Ms. Atishi and conduct raids on senior AAP leaders, including Manish Sisodia and Sanjay Singh. The former CM claimed that this was being done to prevent AAP from focusing on the Delhi Assembly poll due in February next year. ‘False claims exposed’ Reacting to the officer’s letter to the Chief Minister, the BJP said that the communication has exposed “false claims” of Mr. Kejriwal. BJP chief Virendra Sachdeva alleged that Mr. Kejriwal “keeps his colleagues intimidated and politically misled”. “He tried to spread similar confusion regarding the investigation and possible arrest of Chief Minister Atishi. However, the Transport Department’s officer has exposed Kejriwal’s conspiracy,” he added. The Delhi BJP president said it is regrettable that Mr. Kejriwal, for his petty politics, “first degraded the dignity of the Chief Minister’s Office and is now dragging Ms. Atishi into controversial matters”. In response, AAP said they would continue to “thwart every conspiracy of the BJP and ensure that the free bus travel scheme for women in Delhi remains intact at all costs”. Published - December 30, 2024 01:38 am IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit Delhi / politics (general)