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    Microsoft hires influential AI figure Mustafa Suleyman to head up consumer AI business

    By SHOOTUpdated:No Comments935 Views
    Mustafa Suleyman co founder and CEO of Inflection AI speaks to journalist during the AI Safety Summit in Bletchley Park, Milton Keynes, England, Wednesday, Nov. 1, 2023. Microsoft has hired Suleyman to head up its consumer artificial intelligence business, adding to its ranks an influential figure in the artificial intelligence world to cement its position at the forefront of the booming AI industry. Suleyman said in a post on LinkedIn on Monday, March 18, 2024, that he'll become CEO of Microsoft AI, leading all of the company's consumer AI products and research, including its generative AI service Copilot as well as its Bing search engine and Edge browser. (AP Photo/Alastair Grant, File)
    LONDON (AP) --

    Microsoft has hired Mustafa Suleyman to head up its consumer artificial intelligence business, adding to its ranks an influential figure to cement its position at the forefront of the booming AI industry.

    Suleyman, co-founder of AI research lab DeepMind, said Monday in a post on LinkedIn that he'll become CEO of Microsoft AI, leading all of the company's consumer AI products and research, including its generative AI service Copilot as well as its Bing search engine and Edge browser.

    The hiring is likely to bolster Microsoft's lead position in the AI industry, as big tech companies battle for position to capitalize on demand for AI services.

    Microsoft has teamed up with ChatGPT maker OpenAI, investing billions of dollars into the San Francisco company, and recently partnered with France's Mistral, a hot AI startup.

    Suleyman co-founded the DeepMind AI research lab, which that Google purchased in 2014, and worked there until 2022, when he left to set up Inflection.ai with LinkedIn co-founder Reid Hoffman in an effort to create AI that won't veer into racist, sexist or violent behavior.

    He also co-wrote a book, "The Coming Wave," that examines AI's promise and the need to limit its potential perils.

    Tags:artificial intelligenceMicrosoftMustafa Suleyman



    DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuit

    Friday, November 22, 2024
    Dish Network satellite dishes are shown at an apartment complex in Palo Alto, Calif., Feb. 23, 2011. (AP Photo/Paul Sakuma, File)

    DirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company.

    The deal was reliant on Dish bond holders agreeing to trade in the debt they held for debt in the new company, a swap that would have cost them about $1.6 billion, collectively.

    The retreat by DirecTV this week may end a years-long effort by the company to acquire both Dish and Sling after it announced the bid in September.

    DirecTV was looking to acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction that included a payment of $1, plus the assumption of approximately $9.8 billion in debt. The deal was contingent on several factors, including regulatory approvals and bondholders writing off debt related to Dish.

    "While we believed a combination of DirecTV and Dish would have benefited all stakeholders, we have terminated the transaction because the proposed exchange terms were necessary to protect DirecTV's balance sheet and our operational flexibility," DirecTV CEO Bill Morrow said in a statement.

    The prospect of a DirecTV-Dish combo has long been rumored, and reported talks resurfaced over the years. And the two almost merged more than two decades ago — but the Federal Communications Commission blocked the deal valued at the time at $18.5 billion deal, citing antitrust concerns.

    The pay-for-TV market has shifted significantly since. As more and more consumers tune into online streaming platforms, demand for more traditional satellite entertainment continues to shrink.

    DirecTV says that it will continue to invest in next-generation streaming platforms and offer new packaging options while integrating content from live TV alongside direct-to-consumer... Read More

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