Microsoft plans to establish AI center in London

Microsoft (MSFT.O) has unveiled plans for a new artificial intelligence (AI) hub in London, with a focus on product development and research.
Heading the unit will be Mustafa Suleyman, a London-native and co-founder of Google DeepMind (GOOGL.O), who recently joined Microsoft.
WHY IT MATTERS
As a major supporter of ChatGPT creator OpenAI, Microsoft holds a prominent position in the rapidly evolving field of AI.
However, the competition for AI talent has intensified across Europe in the last 18 months. Microsoft may aim to attract experts from other AI-centric companies, such as DeepMind or OpenAI, to staff its new unit.