Microsoft has overtaken Apple for the first time since 2021 to become the world’s most valuable firm by market capitalisation – which measures the value and number of a company’s shares.
Microsoft surpassed Apple at numerous points throughout Thursday’s trading on the New York Stock Exchange (NYSE) when its value reached $2.87trn and Apple shares fell by 1%.
But Apple reclaimed the top spot as the trading day wore on.
This latest movement comes on the back of a major investment in artificial intelligence (AI) by Microsoft.
It’s the largest backer of OpenAI, the company behind the game-changing generative AI chatbot ChatGPT.
AI is also being embedded into Microsoft products such as its Bing search engine.
Saidi Balogun is celebrating his son, Jamal Balogun, on his induction. Celebrating his son on his achievement, he wrote; “Watching you...
Kiddwaya, DJ Cuppy get acting debut in British reality series.. Former Big Brother Naija housemate, Kiddwaya and popular disc...
Veteran actor, Jide Kosoko, has been officially appointed as the head of the Oteniya branch of the prestigious King Kosoko...