20 AI News Investors Should Not Miss

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 279

Microsoft Corporation (NASDAQ) is an American multinational technology company that develops and sells software, services, and hardware. The company’s AI strategy is highlighted by its collaboration with OpenAI and the integration of AI technologies across platforms like Windows, Xbox, Microsoft 365, Teams, and Dynamics.

On October 22, Microsoft Corporation (NASDAQ:MSFT) announced a new major collaboration with Open AI and the Lenfest Institute for Journalism. The collaboration between Lenfest, OpenAI, and Microsoft Corp. aims to help newsrooms explore and implement ways in which artificial intelligence can help drive business sustainability and innovation in local journalism through the Lenfest Institute AI Collaborative and Fellowship program.

In the first round of funding, several news organizations, including Chicago Public Media, Newsday, The Minnesota Star Tribune, The Philadelphia Inquirer, and The Seattle Times, will receive grants to hire AI fellows for two years. The fellowship will focus on enhancing business sustainability and integrating AI technologies within their respective organizations. It will also provide OpenAI and Microsoft Azure credits to help these publications experiment and develop tools to assist with local news. News like these may make it seem that AI is slowly replacing the role of journalists. However, AI can help the sector thrive.

“While nothing will replace the central role of reporters, we believe that AI technology can help in the research, investigation, distribution and monetization of important journalism. We’re deeply invested in supporting smaller, independent publishers through initiatives like The Lenfest Institute AI Collaborative and Fellowship, ensuring they have access to the same cutting-edge tools and opportunities as larger organizations. Local news is a particularly vulnerable area of journalism, and we believe AI can help it thrive.”

– said Tom Rubin, chief of Intellectual Property and Content, OpenAI.