Uber’s ride hailing business is slowly recovering from the impact of the pandemic but its revenue was still down 41% in the first quarter than a year earlier, while its loss also shrank. The decline was markedly lower than the roughly 50% declines of the two previous quarters, and was nearly half the 75% collapse in revenues the company reported for the second quarter last year when the...
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How Microsoft is Trying to Lessen Its Addiction to OpenAI as AI Costs Soar
Microsoft’s push to put artificial intelligence into its software has hinged almost entirely on OpenAI, the startup Microsoft funded in exchange for the right to use its cutting-edge technology. But as the costs of running advanced AI models rise, Microsoft researchers and product teams are working on a plan B. In recent weeks, Peter Lee, who oversees Microsoft’s 1,500 AI...
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