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 […]
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, 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 […]
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 […]
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, 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 […]
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 […]