Latest AI News

Johnson Controls has raised its annual profit forecast after exceeding Q3 expectations, with revenue of $5.68 billion and adjusted profit of 82 cents per share. Strong demand from data centers and commercial sectors seeking advanced cooling and smart building solutions drove performance. The company increased its full-year profit forecast to $3.60 per share, prompting a 2% rise in share price.

Microsoft is negotiating with OpenAI to maintain access to their AI technology. Since 2019, Microsoft has invested billions for exclusive rights to OpenAI's models, intellectual property, and APIs through Azure. The partnership includes revenue sharing and contractual arrangements through 2030. Recent tensions involve competitive concerns and rights to acquired technologies. This significant alliance impacts both companies' offerings and sets precedents for industry collaboration, affecting tools like ChatGPT and Copilot.

Nvidia-backed startup Enfabrica has developed the ACF SuperNIC chip to reduce memory costs in AI data centers. Set for early 2025 release, it offers 3.2 Tbps throughput and 800-Gigabit-Ethernet connectivity—four times current bandwidth. The technology enables GPUs to share memory resources efficiently across networks, addressing the costly memory bottleneck in large AI systems. With $115 million in Series C funding, Enfabrica aims to optimize performance while reducing expensive GPU memory upgrades for massive AI workloads.

Microsoft's AI leadership faces challenges as OpenAI considers alternative cloud providers beyond Azure. This potential shift could impact Microsoft's cloud revenue and competitive position in the AI market. Meanwhile, Microsoft has launched AI-powered Copilot Mode in its Edge browser to compete with Google and startups in the increasingly competitive browser market, where OpenAI is also reportedly developing its own offering.