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(Bloomberg) -- The US Federal Trade Commission has opened an antitrust investigation of Microsoft Corp., drilling into everything from the company’s cloud computing and software licensing businesses to cybersecurity offerings and artificial intelligence products. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasAfter more than a year of conducting inf

Elon Musk's AI company, xAI, is reportedly preparing to release a stand-alone consumer app. The app will likely arrive after xAI closes its next funding round, which could reach $5 billion and value the company at $50 billion, per the Financial Times — double its valuation six months ago. Musk is said to have given investors who backed his $44 billion Twitter acquisition 25% (or access to up to 25%) of the shares in xAI to reward their loyalty.

WASHINGTON (Reuters) -The FBI has been investigating a longtime Exxon Mobil consultant over the contractor's alleged role in a hack-and-leak operation that targeted hundreds of the oil company’s biggest critics, according to three people familiar with the matter. The operation involved mercenary hackers who successfully breached the email accounts of environmental activists and others, the sources told Reuters. The scheme allegedly began in late 2015, when U.S. authorities contend that the names of the hacking targets were compiled by the DCI Group, a public affairs and lobbying company working for Exxon at the time, one of the sources said.

(Bloomberg) -- Autodesk Inc. Chief Executive Officer Andrew Anagnost said the company is focused on cutting costs in its sales and marketing teams, a move that comes following pressure from activist investor Starboard Value LP.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier Seas“We are very much focused on sales and marketing optimization moving forward,

British Prime Minister Keir Starmer on Wednesday opened London's first Google-funded AI Campus which aims to help young people develop skills in the rapidly developing technology. The centre, based in Camden, an area which Starmer represents in parliament and which is also home to Google's future offices in Kings Cross, has already started a two-year pilot project for local students. An first cohort of 32 people aged 16-18 will have access to resources in AI and machine learning and receive mentoring and expertise from Google's AI company DeepMind, the tech giant said.

LONDON/PARIS -TotalEnergies can still meet its renewable energy targets without developing any new business with India's Adani Green Energy Limited, the French group's CEO told Reuters, shrugging off the impact of a crisis at its Indian partner. Patrick Pouyanne's comments on the sidelines of an energy conference come after the United States indicted Adani Green Energy's chairman, executive director, former CEO, and five others over an alleged $265 million bribery scheme. TotalEnergies said on Monday it would pause financial contributions to its Adani Group investments until there was more clarity over the case.

(Bloomberg) -- Suspicious behavior on T-Mobile US Inc.’s network devices tipped off the company to a breach that was potentially part of a sprawling cyber-espionage campaign that has raised urgent questions about the exposure of a critical sector of the economy.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasJeff Simon, T-Mobile’s chief security offi

Adani Group has denied all the accusations as "baseless", but its 10 listed entities have lost about $33 billion in market value since the indictment, with Adani Green the hardest hit, losing about $9.7 billion in market value. ** Ratings agency Moody's cut the outlook on the ratings of seven Adani entities to 'negative' from 'stable,' citing the U.S. indictment of Chairman Gautam Adani and others could weaken the group's access to funding and increase its capital costs. Meanwhile, Fitch earlier put some Adani Group bonds on watch for a possible downgrade, also citing the U.S. indictment.

(Bloomberg) -- SoftBank Group Corp. aims to increase its stake in OpenAI by acquiring up to $1.5 billion in shares from the startup’s employees, according to people familiar with the matter. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasThe Japanese company will make a tender offer for the stock, allowing OpenAI employees to cash in shares if they

An auction of shares in a Citgo Petroleum parent to pay claims against Venezuela needs to be overhauled, a court adviser recommended on Tuesday, conceding a year-long sale process was in shambles and needed to start fresh. The recommendation in a court filing came after an up to $7.3 billion bid by an affiliate of activist fund Elliott Investment Management failed to win support from creditors. Court adviser Robert Pincus proposed to re-launch the auction after being admonished by the judge for a lack of an agreement that met terms set more than a year ago.