Microsoft Corp (NASDAQ: MSFT) persist to increase in pre trading session on Thursday after It launched a premium Teams messaging product powered by ChatGPT to streamline meetings using the AI chatbot that has swept Silicon Valley. According to Microsoft, the premium service would cost $7 per month in June before jumping to $10 in July.
ChatGPT, which is owned by OpenAI, will produce automatic meeting notes, propose tasks, and assist Teams users in creating meeting templates. Microsoft, which made a multibillion-dollar investment in OpenAI earlier this month, has stated that it intends to incorporate ChatGPT’s technology into all of its businesses, paving the way for further rivalry with Alphabet Inc’s Google.
The chatbot, which can generate text or poetry on demand, is at the vanguard of generative AI, a field in which more and more large tech firms are investing. ChatGPT introduced a $20 per month membership option on Wednesday, which would provide customers access to speedier replies as well as priority access to new features and upgrades.
Dropbox, Inc. (NASDAQ: DBX) Plans to Announces Q4 Results
Dropbox, Inc. (NASDAQ: DBX) dropped around 2% in afterhours trading session on Wednesday that It stated that its financial results for the fourth quarter and fiscal year ended December 31, 2022 would be released after market close on Thursday, February 16, 2023. The firm will also have a conference call with the investor community on the same day at 2:00 PM PT / 5:00 PM ET to discuss its financial results.
The lead statistics and trends analyst at Dropbox DocSend, Justin Izzo stated that as 2023 begins, founders and investors maintain a steady pace, with founders slightly outnumbering investors in terms of activity. Despite the declines, these figures demonstrate that the early stage fundraising business is doing well overall. Early-stage firms should be cautiously optimistic, but investors may not pick up the pace considerably in the first quarter, which has historically been a busy season for VCs.
While the YoY decline in Q4 investor activity is obvious, YTD data shows that the health of 2021 has carried over into 2022. Investor activity fell 4.6% year on year in 2022, while founder activity increased 6.6% compared to 2021. According to PitchBook, down rounds were still historically low in 2022. The anticipated mid-quarter pre-holiday rush that burst in 2021 did not materialize in Q4 2022, adding considerably to the year-over-year fall in investor interaction. While investor interest dipped in Q4 compared to years prior to 2021, engagement in Q4 2022 is actually 26% greater – in other words, strong.
BlackBerry Limited (NYSE: BB) Announces the Americas’ First OpenChain Security Assurance Specification Conformance
BlackBerry Limited (NYSE: BB) announced that it is the first company in the Americas to receive the OpenChain Security Assurance Specification, a best-in-class validation of the company’s ability to manage open-source vulnerabilities and risks as part of its software supply chain, with the goal of providing customers with a higher level of security assurance.
Creating a more robust and trustworthy software supply chain is important to the future of safe software, and BlackBerry is happy to be a pioneer in this sector, said Christine Gadsby, BlackBerry’s Vice President of Product Security. As cyberattacks become more common and tighter regulatory norms take effect, we are dedicated to implementing a higher standard for our software supply chain.
