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The Latest Breaking News from Microsoft Corp

Tech giants broke their spending records on lobbying last year

Amazon.com Inc., Apple Inc. and Microsoft Corp. broke their lobbying spending records last year as they fended off heightened scrutiny of their business models and power over the U.S. economy.

Tribune News Service

Electronic Arts Cuts Bookings View on ‘Star Wars’ Game Delay, Spending Slowdown

Electronic Arts Inc lowered its annual bookings forecast on Tuesday, as the videogame publisher delayed the release of a title based on the "Star Wars" franchise and consumers dialed back spending in a sagging economy. The company's shares fell nearly 7% in extended trading as the results added to last…

Asharq Al-Awsat

Microsoft invests $10 billion in ChatGPT maker OpenAI

Microsoft Corp. is investing $10 billion in OpenAI, whose artificial intelligence tool ChatGPT has lit up the internet since its introduction in November, amassing more than a million users within days and touching off a fresh debate over the role of AI in the workplace.

Tribune News Service

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Google Parent to Lay Off 12,000 Workers

Alphabet Inc is eliminating 12,000 jobs, its chief executive said in a staff memo shared with Reuters. The cuts mark the latest to shake the technology sector and come days after rival Microsoft Corp said it would lay off 10,000 workers. The job losses affect teams across the company including…

Asharq Al-Awsat

Microsoft, Amazon set to erase 28,000 jobs as tech slump deepens

Microsoft Corp. and Amazon.com Inc., two of the world’s biggest companies, began cutting a total of 28,000 jobs on Wednesday in a post-pandemic reckoning that has left almost no tech name unscathed.

Tribune News Service

Microsoft plans 10,000 job cuts, to take $1.2 billion charge

Microsoft Corp. said it plans to cut 10,000 jobs, or about 5% of its workforce this year, taking steps to cope with an increasingly bleak outlook that has now bruised many of the technology industry’s biggest companies.

Tribune News Service

Microsoft in talks to invest $10bn in ChatGPT owner

BENGALURU: Microsoft Corp is in talks to invest US$10 billion into OpenAI, the owner of ChatGPT, which will value the San Francisco-based firm at $29 billion, Semafor reported on Monday, citing people familiar with the matter.

Bangkok Post

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Australia takes aim at Apple, Microsoft over child protection online

An Australian regulator, after using new powers to make the tech giants share information about their methods, accused Apple Inc and Microsoft Corp not doing enough to stop child exploitation content on their platforms.

Reuters

Microsoft says it offered FTC consent decree on 'Call of Duty'

Microsoft Corp. said that antitrust regulators shrugged off its offer to make "Call of Duty" available to gaming rivals — including Sony Group Corp. — as part of its $69 billion purchase of Activision Blizzard Inc.

Tribune News Service

Microsoft to buy 4% of London Stock Exchange Group on cloud deal

Microsoft Corp agreed to buy a 4% stake in London Stock Exchange Group Plc as part of a $2.8 billion cloud-computing deal that pushes big tech further into financial markets.

Bangkok Post

FTC votes to file suit to block Microsoft’s $69 Billion Activision deal

The U.S. Federal Trade Commission is seeking to block Microsoft Corp.’s $69 billion acquisition of Activision Blizzard Inc., saying the tie-up between the Xbox maker and popular gaming publisher would harm competition.

Tribune News Service

Microsoft is ready to fight for its $69 billion Activision deal

Microsoft Corp. is ready to fight for its $69 billion acquisition of gaming company Activision Blizzard Inc. if the US Federal Trade Commission files a lawsuit seeking to block the deal, according to a person familiar with the matter.

Tribune News Service

Sony to Expand Chinese Game Incubator in Microsoft Head-to-Head

Sony Group Corp said on Tuesday it plans to expand a program to identify and incubate Chinese-made games, in a race with Microsoft Corp to tap China's gaming market. The program will invest more than 1 million yuan ($140,080) in each game it enrolls, and will not only fund small…

Asharq Al-Awsat

Microsoft wants AI to change your job—if it can work out the kinks

The most hyped words in tech today may be “generative AI.” The term describes artificially intelligent technology that can generate art, or text or code, directed by prompts from a user. The concept was made famous this year by Dall-E, a program capable of creating a fantastic range of artistic…

Tribune News Service

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Benzinga

What To Watch For When Meta Platforms Reports Q3 Earnings After The Bell

Big tech earnings season is off to a sluggish start after Alphabet Inc (NASDAQ: GOOG) and Microsoft Corp (NASDAQ: MSFT) reported

Reuters

Cezanne, Seurat works headline $1 billion sale from late Microsoft co-founder's estate

Paintings by Paul Cezanne, Georges Seurat and Lucian Freud will go under the hammer next month in a sale of artworks from the estate of late Microsoft Corp co-founder Paul Allen that is expected to raise more than $1 billion for philanthropic causes.

Tribune News Service

Microsoft’s army goggles left US soldiers with nausea, headaches in test

U.S. soldiers using Microsoft Corp.’s new goggles in their latest field test suffered “mission-affecting physical impairments” including headaches, eyestrain and nausea, according to a summary of the exercise compiled by the Pentagon’s testing office.

Benzinga

Bill Gates Likely Saw Food Shortages Coming Years Ago — Why His Land Accumulation Feels Calculated

Bill Gates, co-founder of Microsoft Corp. (NASDAQ: MSFT) has had an incredibly impressive career.

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Reuters

Bill Gates, South Korea expand global health partnership

South Korea agreed on Tuesday to expand its global health partnership with the foundation set up by Microsoft Corp co-founder and philanthropist Bill Gates.

The Philadelphia Inquirer

Comcast lost internet customers for the first time. Executives call it a blip, but stock is down sharply

PHILADELPHIA — Brian Roberts at Comcast Corp. sealed a deal with Microsoft Corp. mogul Bill Gates in 1997 for $1 billion to modernize Comcast’s cable network for the internet, leading Comcast to sell high-speed broadband to tens of millions of homes, apartments and businesses over the next 25 years.

Benzinga

Microsoft Earned Price Target Bumps From Analysts Due To Azure Growth Despite Missing Q4 Due To Macro Headwinds

Analysts expressed optimism over Microsoft Corp (NASDAQ: MSFT) Azure following

Benzinga

Analysts Remain Cautious Over SAP Post Q2 Results

Analysts remained divided with a cautious tone over SAP SE's (NYSE:SAP) prospects post Q2 results. Barclays analyst Raimo Lenschow saw SAP managing expectations into Q2, and the move lower in consensus halved the adj. EBIT miss. He found the FY guidance cut was unexpected, though, especially following reiterations in the quarter, and could not…

Reuters

Bill Gates donates $20 billion to his foundation

Microsoft Corp co-founder Bill Gates is donating $20 billion to the charitable foundation run by him and his ex-wife Melinda French Gates to boost its annual distributions.

Bangkok Post

Amazon, Microsoft, Google Strengthen Grip on Cloud

The pandemic period has been a boon for the trio of companies that dominate cloud computing. Now as the economy enters another tumultuous phase, Amazon.com Inc., Microsoft Corp. and Google appear poised to extend their strength.

Benzinga

Facebook, Instagram Fall Prey To Data Scraping; Indict Chinese Company

Meta Platforms, Inc (NASDAQ:META) prosecuted Octopus Data, the U.S. subsidiary of a Chinese national high-tech enterprise Shenzhen Vision Information Technology Co. Octopus Data allegedly offered data scraping services for Facebook and Instagram. Meta also prosecuted a Turkey-based individual, Ekrem Ateş, for allegedly setting up automated Instagram accounts to scrape data from 350,000 Instagram…

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