OpenAI denies Elon Musk lawsuit claim that there ever was founding agreement
OpenAI has challenged a foundational claim Tesla CEO Elon Musk made in the lawsuit he filed against the startup earlier this month.
Jordan Novet in asian news
Microsoft introduces Copilot AI chatbot for finance workers in Excel and Outlook
Microsoft on Thursday announced that it will release a Copilot chatbot that can perform key tasks for people working in finance. The software company will first offer the tool in public preview. Pricing details will follow.
Salesforce shares slip after the company calls for single-digit full-year revenue growth
Salesforce shares slid as much as 6% in extended trading on Wednesday after the business software maker issued a light revenue forecast for the new fiscal year. It will start paying a dividend at 40 cents per share.
Zoom shares jump as quarterly results beat on top and bottom lines
Zoom shares rose as much as 13% in extended trading on Monday after the video chat software vendor announced fiscal fourth-quarter results that topped analysts' expectations.
OpenAI CEO Sam Altman stands to net millions as Reddit goes public
OpenAI CEO Sam Altman will be in a position to make millions after Reddit goes public, thanks to a series of bets on the online discussion board company that go back to 2014. Altman holds 9.2% of voting power ahead of Reddit's initial public offering, according to information in the company's prospectus.
Amazon to replace Walgreens in Dow Industrial Average next week
Amazon will replace Walgreens Boots Alliance in the Dow Jones Industrial Average, according to a Tuesday announcement from S&P Dow Jones Indices, which manages the price-weighted measurement of 30 stocks. Amazon shares moved up 1% in extended trading, and Walgreens stock moved 3% lower.
Microsoft will bring four Xbox games to other companies' consoles
Microsoft said on Thursday that it will release four of its video games on competing consoles.
Cisco says it's cutting 5% of global workforce, amounting to over 4,000 jobs
Cisco announced plans to cut 5% of its workforce on Wednesday, a decision that will result in the elimination of about 4,250 jobs. Shares of Cisco were down as much as 9% in extended trading.