Microsoft closes at record high amid renewed optimism surrounding OpenAI

Tuesday’s trading session saw Microsoft close at a record high of $360.53 on the back of renewed growth expectations from a significant artificial intelligence partner. The software maker’s market value has increased by 1.12% per day to approximately $2.68 trillion. All the main American indexes saw gains for the day; the S&P 500 saw its…

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UK invests $273 million in AI Supercomputer to Compete with US and China

The United Kingdom’s government announced that it will invest £225 million, or $273 million, in artificial intelligence supercomputer. This move underscores the nation’s goal of becoming the technological leader as it tries to catch up to China and the United States. The supercomputer, named Isambard-AI after the British engineer of the 19th century, Isambard Brunel,…

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UK Confirms Plans to Implement Formal Law to Regulate Crypto Industry

In a consultation paper, the U.K. government confirmed its intentions to regulate the cryptocurrency market, stating that it hopes to introduce formal legislation by 2024. The government released a response to a consultation paper that contained suggestions for regulating the cryptocurrency sector and was published earlier this year. The government stated in the paper that…

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