MSFT Jun 2024 385.000 put

UPDATE 1-Microsoft readies new AI model to compete with Google, OpenAI, The Information reports

Microsoft is training a new, in-house AI language model large enough to compete with those from Alphabet's Google and OpenAI, the Information reported on Monday. The new model, internally referred to as MAI-1, is being overseen by recently hired Mustafa Suleyman, the Google DeepMind co-founder and former CEO of AI startup Inflection, the report said, citing two Microsoft employees with knowledge of the effort. Microsoft did not immediately respond to a Reuters request for comment.