Daily Crunch: Days after announcing plans to cut 10K jobs, Microsoft invests billions more in OpenAI
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- Microsoft announces $1B investment in OpenAI, days after cutting 10K jobs – TechCrunch
- Lyft wins two-year court battle to keep driver data from competing startups – TechCrunch
- Trek raises $5M to develop ‘modular’ e-bikes – TechCrunch
- 3 questions that will help you understand quantum computing – TechCrunch
- Twitter is testing a new way to pay people to tweet – TechCrunch
Microsoft, which earlier this week announced plans to cut its own workforce by 10,000 employees, said today it’s preparing to invest $1 billion in OpenAI, the artificial intelligence startup co-founded by Elon Musk.
Lyft has won a two-year court battle to keep driver data private, a victory that will likely have implications for the rest of the ride-hailing industry.
Trek, the bicycle maker, has raised $5 million in seed funding to develop a new kind of e-bike that it says is more affordable and easier to use.
3 questions that will help you understand quantum computing
Twitter is testing a way for people to get paid for posting original Tweets, as the company looks for new ways to generate revenue. Microsoft’s investment in OpenAI is a clear sign that the company is committed to making AI a core part of its business.
The move comes just days after Microsoft announced plans to cut 10,000 jobs, as the company looks to streamline its operations.
Microsoft has been investing in AI for some time now, with the company’s Azure cloud platform being a key part of its strategy.
OpenAI is a leading research company in the field of artificial intelligence, and has been responsible for some of the most impressive advances in the technology in recent years.
The partnership between Microsoft and OpenAI will see the two companies working together on a number of projects, with Microsoft investing $1 billion in the company.
The investment is a clear indication of Microsoft’s commitment to making AI a key part of its business, and is likely to accelerate the company’s progress in the field.