13 AI News You Probably Missed

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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, from news platform VentureBeat, indicate that the tech giant has invested money in a new AI startup named Fastino. The startup, based in San Francisco, recently raised $7 million in a pre-seed funding round. The unique thing about this startup is that it is building its own family of enterprise AI models as well as developer tooling. Unlike other large language models, however, the models being developed by Fastino would be capable of running on normal CPUs and would not require the higher computing power required by existing AI models that run on specialized CPUs.

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