15 AI News Updates Taking Wall Street By Storm

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2. Microsoft Corporation (NASDAQ:MSFT)

Market Capitalization: $3.1 Trillion

Microsoft Corporation (NASDAQ:MSFT) is a Washington-based technology company. Latest reports indicate that Tesla owner Elon Musk, who is also the founder of AI startup xAI, has amended a lawsuit he filed against OpenAI, another AI startup, to include Microsoft. The latest complaint alleges, per CoinGape, that OpenAI and Microsoft are leveraging their combined dominance to stifle competition in the AI industry. The complaint accuses the companies of recruiting AI talent through extravagant salaries, reportedly spending $1.5 billion for a workforce of 1,500.

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