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Stockreport

Amazon Hires Top Executives From AI Startup Adept for AGI Team [BNN Bloomberg (Canada)]

Microsoft Corporation (MSFT)  More Company Research Source: BNN Bloomberg
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
David Luan, Adept's co-founder and former chief executive officer, will join Amazon's AGI autonomy team, led by Rohit Prasad, according to an internal memo Amazon provided to Bloomberg. Four other co-founders and an unspecified number of other team members will also join Prasad's group. Amazon will license Adept's technology developing agents, or AI tools that can perform tasks autonomously, to help Amazon build products that can automate software work flows, according to the memo. Representatives for both companies declined to disclose financial terms, and Amazon declined to say how many Adept workers the company hired. Adept raised $350 million at a valuation of at least $1 billion in March of last year from investors including General Catalyst and Spark Capital, Forbes previously reported. In a blog post Friday announcing the deal, Adept said its plan to focus on building both foundational AI models and a tool for businesses “would've required spending significant attention on [Read more]
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Stockreport

Amazon Hires Top Executives From AI Startup Adept for AGI Team [BNN Bloomberg (Canada)]

Microsoft Corporation  (MSFT) 
More Company Research Source: BNN Bloomberg
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
David Luan, Adept's co-founder and former chief executive officer, will join Amazon's AGI autonomy team, led by Rohit Prasad, according to an internal memo Amazon provided to Bloomberg. Four other co-founders and an unspecified number of other team members will also join Prasad's group. Amazon will license Adept's technology developing agents, or AI tools that can perform tasks autonomously, to help Amazon build products that can automate software work flows, according to the memo. Representatives for both companies declined to disclose financial terms, and Amazon declined to say how many Adept workers the company hired. Adept raised $350 million at a valuation of at least $1 billion in March of last year from investors including General Catalyst and Spark Capital, Forbes previously reported. In a blog post Friday announcing the deal, Adept said its plan to focus on building both foundational AI models and a tool for businesses “would've required spending significant attention on [Read more]
IMPACT SNAPSHOT
EVENT TIME:
MSFT
Last Price
Price Change
Price Change %
Volume Shares
Max Up
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Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS