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Microsoft’s shareholders have voted against a proposed Bitcoin investment strategy, despite growing institutional adoption and BTC’s recent price surge.
MicroStrategy’s Michael Saylor proposed a Bitcoin-focused financial strategy for Microsoft in a detailed three-minute pitch.
Michael Saylor is arguably one of the loudest advocates of Bitcoin.
INX Digital Company, in partnership with Backed, has announced the listing of additional tokenized stocks, including Microsoft, Tesla, Gamestop, and Google.
Robinhood may have taken this decision to halt trading to avoid an anxiety surge amongst traders and to mitigate the volume of losses that they incur.
Microsoft has acknowledged the glitch, and stated that it is working with CrowdStrike to solve the issue.
Microsoft sent a letter to OpenAI announcing its withdrawal from the board. This comes as Microsoft faces regulatory scrutiny on its growing involvement with OpenAI.
The collaborative effort of Microsoft, G42, and OpenAI is expected to drive innovation across several sectors including healthcare, finance, and education.
Nvidia is the second largest company in the US, now only behind Microsoft, which overtook Apple earlier this year.
Microsoft’s investment spree extends beyond France. The firm recently announced €3.2 billion in Germany and $1.5 billion in the Abu Dhabi’s AI company G42.
By employing advanced AI, ChatGPT will able to fetch and display web data with proper citations, setting it apart from conventional search engines.
The success of both Google and Microsoft reflects a broader trend across the tech industry, where AI is becoming a key catalyst for innovation and profitability.
Arm sees AI as a key driver to its growth. The company stated in an earlier report that its AI proposition differs from other notable players.
The expanded partnership will see G42 run its AI applications and services on Microsoft’s cloud computing platform Azure and deliver advanced AI solutions to global public sector clients and large enterprises.
Under the terms of the deal, Microsoft will allocate $620 million to acquire a license for Inflection’s AI models, along with an additional approximate sum of $30 million to settle any legal matters stemming from the substantial recruitment efforts.