Key facts: Microsoft competes in cloud AI; discusses chips with Broadcom; proposals rejected
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- Microsoft is competing in the cloud AI services market, particularly against Amazon, which is also developing AI chips, highlighting a trend among major firms targeting each other's sectors.1
- Microsoft is in discussions with Broadcom to develop custom chips, aiming to enhance its hardware capabilities.2
- At the recent management meeting, all proposals put forth by Microsoft were approved, while shareholder proposals related to AI, human rights, and climate risks did not receive approval.3