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Google Ventures Hires General Partner to Drive AI Startups

GV, backed by Google parent company Alphabet Inc, appointed Michael McBride from software firm GitLab as its latest general partner to focus on open-source and AI startups backed by the company, the firm confirmed on Wednesday. McBride has been the chief revenue officer for...

GameStop Shares Surge More Than 35% Ahead of the Earnings Report

Shares of video game and electronics retailer GameStop are on the rise again. The company’s stock has been surging in recent days, gaining more than 35% since the beginning of the week. GameStop is expected to release its quarterly earnings report next week. Investors are...

Microsoft to Invest $3.2 Billion in UK in AI Push

Microsoft is planning to inject $3.2 billion over the next three years into the United Kingdom in an effort to foster artificial intelligence technology growth. The UK government has lauded this decision, claiming that Microsoft's investment will provide a solid foundation from which the...

Nvidia Delays Launch of China-Focused AI Chip

Chipmaker Nvidia Corp has delayed the launch of its new artificial intelligence chip in China until the first quarter of 2024, the company announced to consumers. Initially expected to be launched as early as November 16, Nvidia decided to delay the chip's release due...

OpenAI in Discussions to Restore Sam Altman as CEO

The board of OpenAI is engaged in discussions with former CEO Sam Altman to return to the company in his previous role. This comes after he was promptly dismissed from his role on Friday without any prior notice. In response to Altman's dismissal, several OpenAI...

Microsoft Stocks Rise Following Q3 Earnings

Microsoft shares rose by 3.6% during premarket trading on Wednesday after the company beat estimates on revenue and earnings per share. The company's third-quarter revenue of $56.5 billion beat estimates of $54.5 billion. Adjusted earnings per share of $2.99 beat expectations of $2.66 per share...