14 AI News Updates Wall Street Is Monitoring

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2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 279

Microsoft Corporation (NASDAQ:MSFT) is a Washington-based technology company. On November 19, news publication The New York Post reported that Sam Altman, the founder of Microsoft-backed OpenAI, was raising funding for a new semiconductor startup named Rain AI. Per the report, the startup plans to raise $150 million in a funding round that would value the firm at more than $600 million. The processors made by the firm are more powerful and efficient than those made by chip powerhouse NVIDIA, per the publication.

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