Microsoft Corp's shares surged over 14% in the last month after it overtook Apple as the world's most valuable company, driven by strong cloud revenue growth of 20%, largely attributed to its Azure platform and artificial intelligence (AI) use. CEO Satya Nadella played down concerns about data centre rollouts being a sign of reduced ambition, instead emphasizing his confidence in the pace of growth. Microsoft expects capital expenditures to reach $80 billion in 2025, with plans to increase investment again in 2026, while Alphabet Inc and Amazon maintained their capex projections despite uncertainty.
https://www.thestar.com.my/business/insight/2025/05/07/ai-spending-is-the-only-certainty-in-silicon-valleyA recent study by MixMode, a leader in AI-powered cybersecurity, found that the adoption of Artificial Intelligence (AI) in cybersecurity is on the rise among IT and security professionals. Conducted by the Ponemon Institute, the survey of 685 US-based IT and security experts revealed that organizations in critical infrastructure, SLED, and federal sectors are increasingly using AI to counter evolving cyber threats. The study highlights a surge in AI adoption, with many organizations implementing pre-emptive defenses to stay ahead of emerging threats. However, it also notes persistent challenges in integrating legacy systems and finding sufficient expertise in AI-powered cybersecurity.
https://www.prnewswire.com/news-releases/mixmode-releases-2025-state-of-ai-in-cybersecurity-report-302445167.htmlElon Musk's lawyer, Marc Toberoff, has responded to OpenAI's decision to partially restructure as a for-profit business, stating that the move "changes nothing" and is a "transparent dodge" that fails to address concerns about charitable assets being transferred to private individuals.
https://news.bloomberglaw.com/private-equity/musks-lawyer-says-openai-restructuring-update-changes-nothingElon Musk's reinstatement as CEO of OpenAI came after a five-day period following an outpouring of support from employees and investors. Despite this, SoftBank will continue to provide funding to the company. A jury trial for Musk's lawsuit against OpenAI was scheduled for March 2026, but its future is now uncertain due to the announcement.
https://channelnewsasia.com/business/openai-dials-back-conversion-plan-nonprofit-retain-control-5110191Elon Musk has accused OpenAI of abandoning its non-profit mission to build safe artificial intelligence in favor of becoming a for-profit entity, with Microsoft, billionaire Reid Hoffman, and others named as co-defendants. A federal judge recently rejected Musk's request for an injunction blocking OpenAI's restructuring, but may expedite a trial this fall to consider other claims. In March, Musk made a $97.4 billion offer to buy OpenAI, which was rejected by its board members led by Sam Altman.
https://nypost.com/2025/05/05/business/sam-altmans-openai-ditches-plan-to-become-for-profit-company/Elon Musk plans to proceed with his lawsuit against OpenAI despite the company's decision to dial back its earlier plan to remove control by its non-profit arm. Musk, a co-founder of OpenAI, has filed a lawsuit that seeks to block the transition away from nonprofit control and other claims.
https://www.deccanchronicle.com/technology/elon-musk-to-keep-lawsuit-against-openai-despite-nonprofit-control-statement-1877228OpenAI is involved in a legal battle with Elon Musk, who co-founded the nonprofit research lab group in 2015. U.S. President Donald Trump's adviser, Sam Bankman-Fried, was quoted as saying that OpenAI is "obsessed" with its mission. A California judge recently denied Musk's motion to stop OpenAI from converting to a for-profit company, allowing it to proceed to a jury trial scheduled for spring 2026.
https://www.upi.com/Top_News/US/2025/05/05/OpenAI-nonprofit-business-control-Sam-Altman-Musk/9471746474077/OpenAI has reversed plans to convert its core governance structure from a nonprofit to a for-profit business, citing challenges in pursuing this path. The decision was made after months of effort, with OpenAI's leadership team including Matt O'Brien and Thalia Beatty.
https://www.ocregister.com/2025/05/05/openai-stays-nonprofit/OpenAI has agreed to buy Windsurf, an artificial intelligence-assisted coding tool, for approximately $3 billion, marking its largest acquisition to date. The deal is pending and was made by people familiar with the matter who spoke on condition of anonymity.
https://news.bloomberglaw.com/artificial-intelligence/openai-reaches-agreement-to-buy-startup-windsurf-for-3-billion