AI News That Broke The Internet This Week

6. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 279

Microsoft Corporation (NASDAQ:MSFT) is a Washington-based technology company. It has invested heavily in AI as it seeks to keep pace with new developments in the tech business. As part of these investments, the firm contributed $10 billion to a funding round for OpenAI, the California-based firm that launched the AI wave with the release of ChatGPT in late 2022. The startup is rumored to be valued at above $100 billion if the latest funding round, led by Microsoft, Apple, and NVIDIA, is successful. At the startup, developers are reportedly working on a next-level artificial intelligence product, dubbed Strawberry, which is capable of solving advanced problems and tasks.

Microsoft Corporation (NASDAQ:MSFT) hopes for the launch of the new product before the end of this year. Reports indicate that Strawberry is capable of solving math problems it has never encountered, something current AI models, such as ChatGPT, are incapable of – firmly putting the former in the generative AI basket. The product is also capable of performing high-level tasks, such as developing marketing strategies and solving complex word puzzles.