Microsoft Corp

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• DJ Reddit to Give OpenAI Access to Its Data in Licensing Deal -- Update, from 4 hours ago by Dow Jones

  4 hours ago by Dow Jones
  Companies Mentioned: MSFT, RDDT
  
  By Sarah E. Needleman
  
  Reddit says it signed a deal with OpenAI to give the artificial-intelligence startup access to its data, following similar arrangements it made with Google and public-relations software firm Cision.
  

• Reddit to Bring Content to Microsoft-Backed OpenAI's ChatGPT -- Shares Jump, from 6 hours ago by MT Newswires

  6 hours ago by MT Newswires
  Companies Mentioned: MSFT, RDDT
  05:32 PM EDT, 05/16/2024 (MT Newswires) -- Reddit (RDDT) will bring its content to Microsoft-backed (MSFT) OpenAI's ChatGPT, the companies said Thursday. OpenAI will also become a Reddit advertising partner as part of the partnership. Financial deta...

• DJ Reddit Shares Rise 14% on OpenAI Partnership, from 6 hours ago by Dow Jones

  6 hours ago by Dow Jones
  Companies Mentioned: MSFT, RDDT
  
  By Ben Glickman
  
  Shares of Reddit rose late Thursday after the company said it had entered a partnership with ChatGPT-maker OpenAI.
  
  The stock was up 14% to $64.22 in after-hours trading, following a 5.5% drop at the close. Shares are up about 35% in the last month.
  

• DJ Reddit Signs Data-Licensing Deal With OpenAI, from 6 hours ago by Dow Jones

  6 hours ago by Dow Jones
  Companies Mentioned: MSFT, RDDT
  By Sarah E. Needleman Reddit says it signed a deal with OpenAI to give the artificial-intelligence startup access to its data, following similar arrangements it made with Google and public-relations software firm Cision. Financial terms weren't disclosed. Reddit says the deal will bring its content to OpenAI's ChatGPT chatbot and new products and that OpenAI will become a Reddit advertising partner. Further, Reddit users and moderators will gain new AI-powered features. Data licensing is a new line of business for the social-media company, which generates most of its revenue from advertising sales. Write to Sarah E. Needleman at sarah.needleman@wsj.com (END) Dow Jones Newswires May 16, 2024 16:54 ET (20:54 GMT)

• DJ Correction to Microsoft New Energy Requirement Article on May 15 -- WSJ, from 8 hours ago by Dow Jones

  8 hours ago by Dow Jones
  Companies Mentioned: MSFT
  By Perry Cleveland-Peck Microsoft will ask its main suppliers to use 100% renewable energy by the end of the decade, the company said, as it acknowledged that its biggest challenge in meeting its climate goals is tackling the emissions that come from its supply chain and other indirect sources. Chief Sustainability Officer Melanie Nakagawa said the company will require "select scale, high-volume suppliers to use 100% carbon-free electricity by 2030" for goods and services delivered to Microsoft. The tech heavyweight said the requirements will be rolled out at the start of the 2025 fiscal year as part of an overall update to the company's Supplier Code of Conduct. "Right now for so many it's just about getting them started. We have thousands upon thousands of suppliers. What we're looking at is those of the largest volume because that's really where the energy matters," Nakagawa said. She added that the company is "not there yet" with regards to dropping suppliers who fail to meet the climate goal. Micorosoft has an outsized influence over the tech sector due to its extensive supply chain and its dominant position within the market. Any move to force its suppliers to comply with the new directive is likely to send reverberations across the industry in the short term, but ultimately could have a significant positive impact on the sector's efforts to decarbonize. In 2020, the Redmond, Wash.-based tech giant set the goal of being carbon negative by 2030. In its latest sustainability report, out Wednesday, the company said it is on target to meet that goal with regards to its Scope 1 & 2 emissions, those emissions that the company makes directly. However, it is falling short when it comes to Scope 3 emissions -- those that come from its supply chain, the life cycle of its hardware and devices and other indirect sources -- which last year made up more than 96% of the company's total emissions. While Microsoft reported a 6.3% fall in its Scope 1 and 2 emissions for 2023 compared with its 2020 baseline, its Scope 3 emissions were up 31%, raising total aggregate emissions by 29%. Microsoft said building infrastructure to house and run its generative AI operations was one of the main reasons for the increase. "The rise in our Scope 3 emissions primarily comes from the construction of more datacenters and the associated embodied carbon in building materials, as well as hardware components such as semiconductors, servers, and racks," it said. Some of Microsoft's main suppliers include Samsung Electronics, the Taiwanese semiconductor manufacturer RealTek and the South Korean chip maker SK Hynix. All three have net-zero goals that extend past the end of the decade. Samsung in its most recent sustainability report said it aims to transition to 100% renewable energy by 2050. RealTek in its most recent ESG report stated that it is committed to achieving 25% renewable energy usage by 2030. SK Hynix, in its 2023 sustainability report, said it is aiming for 33% renewable electricity use by 2030. The companies didn't immediately respond to requests for comment. "Our top priority is to work with our suppliers to help them in meeting these requirements," Microsoft said. The company pointed to its partnership with climate solutions adviser 3Degrees to launch Supplier REach, a renewable electricity portal. The tool helps suppliers procure high-quality carbon-free electricity based on factors such as their geography and energy load. In its sustainability report released Wednesday, Microsoft also identified water use as another area where it is not yet on track. It said the company needs to do more to reduce consumption and in its efforts to replenish more water than it uses in its datacenter operation. Write to Perry Cleveland-Peck at perry.cleveland-peck@wsj.com Corrections & Amplifications This article was corrected on May 16, 2024. The original version misspelled Microsoft as Micorosft in one instance. (END) Dow Jones Newswires May 15, 2024 12:00 ET (16:00 GMT)