30 AI News Investors Should Not Miss

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2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 279

Microsoft Corporation (NASDAQ:MSFT) is a Washington-based technology company. The tech giant has ramped up investments in AI over the past few years as it aims to get ahead of competitors in the emerging space. As part of this effort, it has invested nearly $13 billion in OpenAI of ChatGPT fame. Following the latest funding round, where OpenAI raised $6.6 billion in new funding, the startup is now valued at more than $157 billion, making it the highest valued private company in the US, overtaking SpaceX by Elon Musk. The latter is valued at around $125 billion. The only other private firm that rivals OpenAI globally is ByteDance, the Chinese parent of the popular social media app TikTok, that is valued at around $220 billion.

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