Catenaa, Tuesday, July 01, 2025- OpenAI chief executive Sam Altman said he spoke with Microsoft CEO Satya Nadella on Monday to discuss the future of their AI partnership, confirming ongoing negotiations between the two tech powerhouses, according to a New York Times podcast published recently. The call comes amid reports that Microsoft is reassessing its […]

Catenaa, Monday, December 09, 2024-Amazon shareholders are urging the company to invest 5% of its assets in Bitcoin, highlighting the cryptocurrency’s superior returns compared to corporate bonds and its potential as a hedge against inflation. The proposal, spearheaded by the National Center for Public Policy Research (NCPPR), criticizes the Consumer Price Index (CPI) as an […]

Catenaa, Thursday, May 29, 2025- Big tech stocks in the US gained on Thursday following a US trade court ruling that the vast majority of Trump’s global tariffs are illegal. Tesla shares were up by 1.2% by 1.30 in the afternoon amid news of CEO Elon Musk’s exit from the Trump administration, and Nvidia shares […]

Catenaa, Monday, July 21, 2025- CoreWeave stock rose more than 4%% on Monday morning after the renter of artificial intelligence data centers said it plans to sell $1.5 billion worth of bonds. The company said in a release that the notes, due in 2031, will use the capital for general purposes, such as paying off […]

Catenaa, Monday, May 26, 2025-The US Federal Trade Commission (FTC) has officially ended its legal effort to block Microsoft’s $68.7 billion acquisition of Activision Blizzard, marking the conclusion of a nearly two-year regulatory battle over the gaming industry’s largest-ever merger. The FTC filed an order to dismiss its administrative complaint on Thursday, days after an […]

Catenaa, Friday, June 20, 2025- Google, Microsoft, and Elon Musk’s xAI are reportedly ending or scaling back their business relationships with AI data-labeling startup Scale AI following Meta Platforms’ acquisition of a 49% stake in the company. The deal, which values Scale AI at $29 billion, has triggered concerns among major tech players about sharing […]

SANTA CLARA, Calif. Tuesday, April 09, 2024 – Intel Corporation’s chipmaking business, the Client Computing Group (CCG),  reported a significant operating loss of $7 billion in 2023, according to a Reuters report on April 9, 2024. This figure marks a substantial increase from the $5.2 billion loss recorded in 2022. The current predicament of the […]

Catenaa, Thursday, April 03, 2025- The Magnificent Seven stocks all fell on Thursday following the Trump Administration announcement of reciprocal tariffs, with Apple faring worst of all. The iPhone maker’s shares dropped 8% by mid-day after President Donald Trump late Wednesday imposed an 34% import tax on China, where Apple manufactures about 90% of its […]

Catenaa, Thursday, July 10, 2025- Microsoft has been able to save $500 million on the use of AI after the company laid off 9,000 workers in its third round of layoffs so far this year. Microsoft’s Chief Commercial Officer Judson Althoff said during a presentation this week that AI tools are boosting productivity across sales, […]

Catenaa, Wednesday,  December 11, 2024 – Microsoft shareholders have voted against a proposal to add Bitcoin to the company’s balance sheet, citing concerns over the cryptocurrency’s volatility and aligning with the board’s recommendation during its annual meeting on Tuesday.  The proposal, brought forward by the National Center for Public Policy Research (NCPPR), argued that diversifying […]

Catenaa, Sunday, May 18,2025- Microsoft announced on Tuesday it will lay off about 6,000 employees, or 3% of its global workforce, as part of organizational changes aimed at positioning the company for long-term success in a dynamic marketplace. The layoffs affect employees across all levels, teams, and regions, including 1,985 people based in Washington state, […]

Catenaa, Friday, May 30, 2025- A Microsoft subsidiary in Russia has plan to file for bankruptcy, an official note said on Friday, as sanctions and the Ukraine war impact on western brands bite in. A note published on the official Fedresurs registry said Microsoft Rus LLC was intending to declare bankruptcy. Russian President Vladimir Putin […]

New York, Tuesday, February 6, 2024 – On January 25, Microsoft announced it was laying off approximately 1,900 employees in its gaming division, representing roughly 8% of the workforce. AP said its report is based on an internal memo sent by Microsoft Gaming CEO Phil Spencer. This decision comes a little over three months after […]

Catenaa, Tuesday, December 17, 2024 – MicroStrategy has acquired an additional 15,350 bitcoin for approximately $1.5 billion, averaging $100,386 per coin, as the company continues its aggressive purchasing strategy.  The latest acquisition, spanning December 9 to December 15, follows the sale of 3.88 million MicroStrategy shares for a similar amount. The company now holds 439,000 […]

Catenaa, Wednesday, July 09, 2025- Nvidia became the first publicly traded company to hit the $4 trillion mark on Wednesday after its share price hit a record high of $164.27 as generative AI hype continues. The chipmaker surpassed fellow tech players, including Microsoft and Apple, and Nvidia’s stock price is up 22% year-to-date and 24% […]

Catenaa, Friday, July 11, 2025- Nvidia CEO Jensen Huang has sold more than $36 million worth of stock in the leading artificial intelligence chipmaker became the first $$ trillion-cap company. According to a US Securities and Exchange Commission filing, the sale, which totals 225,000 shares, comes as part of Huang’s previously adopted plan in March […]

Catenaa, Friday, May 23, 2025- Nvidia’s rise to center stage has been fueled by the spending of its fellow members of the so-called Magnificent Seven on chipmaker’s AI chips, Bloomberg said. Bloomberg estimates show that Microsoft is the largest driver of Nvidia’s revenue, followed by Meta, Amazon, and Google parent Alphabet, while Tesla is Nvidia’s […]

New York, Tuesday, January 2, 2024- The New York Times on Wednesday, December 27 reported that it was initiating a lawsuit against OpenAI and Microsoft on. The newspaper alleges that the widely-used artificial intelligence (AI) model, ChatGPT, developed by OpenAI in collaboration with Microsoft, had incorporated substantial portions of New York Times articles into its […]

Catenaa, Wednesday, May 21, 2025- OpenAI has secured $11.6 billion in funding for expanding a site that is core to increasing the ChatGPT maker’s long-term computing capabilities, the Wall Street Journal reported. The funding secured by startup Crusoe is a mixture of debt and equity, which will expand the data center to eight buildings from […]

Catenaa, Thursday, March 13, 2025- OpenAI has secured a five-year, $11.9 billion contract with CoreWeave to provide AI infrastructure for training its models. The deal, announced on Monday, includes $350 million in CoreWeave stock, linked to the cloud computing provider’s upcoming IPO. According to OpenAI CEO Sam Altman, the agreement addresses the need for “reliable […]

Catenaa, Thursday, June 19, 2025- OpenAI is reportedly weighing a potential antitrust complaint against Microsoft, its largest investor and key partner, The Wall Street Journal reported Monday. The move marks a sharp escalation in tensions between the two companies that have collaborated closely on artificial intelligence development since 2019. The proposed complaint would accuse Microsoft […]

REDWOOD CITY, Calif. and Redmond, Wash. (Nov. 20, 2023) – Sam Altman, the former CEO of OpenAI, has joined Microsoft as the head of a new in-house AI team. The announcement comes just days after Altman was unexpectedly ousted from OpenAI in a corporate shakeup that shocked the artificial intelligence world. The news closely follows […]

Catenna, Monday, March 17, 2025—After DeepSeek’s success, the biggest tech firms in the US will increase their combined annual spending on artificial intelligence to more than $500 billion by early next decade, Bloomberg Intelligence reported on Monday. Bloomberg Intelligence said companies, including Microsoft, Amazon, and Meta Platforms are projected to spend $371 billion on data centers […]