Tech companies have been racing o to set up data centers essential for powering generative artificial intelligence applications such as OpenAI’s ChatGPT and Google Gemini, which require

OpenAI said it needs “more capital than we’d imagined” as the Sam Altman-led artificial intelligence pioneer outlined plans for revamping into a for-profit company.

Musk dropped the lawsuit but filed another one against Altman and OpenAI, this time elevating his accusations to claim OpenAI worked with Microsoft, an investor, to create a monopoly. The billionaire also alleged the company violated its founding claim as a nonprofit by pursuing profit. OpenAI has denied the allegations.

Microsoft said on Thursday that it is making a $1 million donation to the inauguration fund of President-elect Donald Trump. TakeAway Points: Microsoft has contributed $500,000 for President-elect Donald Trump’s first term and is now contributing $1 million to his inauguration fund.

What’s at stake: The hurry before the president-elect’s inauguration on January 20 underscores the EU’s insecurity over his potential actions when he returns to the White House, following his recent threats. These include refusing to rule out taking Greenland by force and suggesting Canada and the Panama Canal should become part of the US.

Google donated $1 million to President-elect Donald Trump's inauguration fund. Other major tech companies and executives like OpenAI CEO Sam Altman and Meta both announced $1 million donations to the inaugural fund late last year.

Donald Trump announced a $20 billion investment by Emirati billionaire Hussain Sajwani to build data centers in the U.S. The move aligns with the tech industry's race to enhance AI capabilities. Global spending on data centers is projected to exceed $250 billion by 2030.

Opinions and thoughts are the author’s own and not those of AFROTECH™. Overhyped tech sectors of cryptocurrency and artificial intelligence have seen a recent resurgence in the past year. Most of AI’s rise can be attributed to the hype and fear that surrounds its use.

Microsoft Corp., Alphabet Inc.’s Google, and Adobe Inc. are each donating $1 million to Donald Trump’s inauguration fund, joining the roster of technology companies shelling out to back the incoming US president’s festivities later this month.

Thursday's edition of Forbes Daily covers updates on California wildfires, Anthropic's new funding, most profitable sports teams, Eric Schmidt's AI project and more.