15 AI News You Should Not Ignore

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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 27, news platform CNBC reported that Japanese multinational Softbank was mulling a $1.5 billion investment in Microsoft-backed OpenAI through a new tender offer. Per the report, OpenAI employees will have the option of cashing out of their shares worth around $1.5 billion in a tender offer to SoftBank. The report further highlights that employees at the startup have till December 24 to decide on participating in the tender offer. Softbank recently invested $500 million in a $6 billion funding round for the AI startup that valued OpenAI at over $157 billion.

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