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Elon Musk sues OpenAI and Sam Altman, saying company putting profit over the public good | Business News
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Elon Musk, the multi-billionaire owner of Tesla and X, is suing artificial intelligence company OpenAI, accusing the firm of prioritising profit over developing AI for the public good. Mr Musk is bringing the suit against OpenAI, which he co-founded, and its chief executive, Sam Altman, for breaching a contract by reneging on its pledge to…
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First full-year profit recorded at Uber as bookings rose | Business News
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Uber has announced its first full-year profit after bookings rose by more than a fifth in the last three months of 2023. The American company’s revenue for the quarter rose by 15% in the three months to December 30, compared with the same period in 2022. Dara Khosrowshahi, the chief executive, said that 2023 marked…
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Spotify to cut nearly 20% of its workforce despite turning £55m profit in latest report | Science & Tech News
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Popular music-streaming app Spotify will cut almost a fifth of its workforce despite turning a profit of €65m (£55.7m), according to its latest figures. The firm’s latest round of job cuts will affect around 1,500 people – which is 17% of its current total of 9,300 employees. It’s the third round of job losses at…
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Microsoft blames turbulent economy as it misses profit targets | Business News
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Microsoft missed its profit targets on Tuesday, blaming the turbulent economy. The tech giant reported a fourth-quarter profit of $16.7bn (£13.8bn) – or $2.23 per share. Revenue came in at $51.9bn (£43.1bn), which was up 12% from last year. Analysts had been forecasting $2.29 per share and revenue of $52.94bn (£44bn), according to FactSet. Microsoft…