microsoft
The US earnings season is set to conclude with Nvidia’s quarterly results, which will be pivotal for the enthusiasm surrounding artificial intelligence (AI) stocks. The company will report its first-quarter earnings for the fiscal year 2025 after the US market closes on 22 May. Nvidia has benefited the most from the AI boom, becoming the world’s third-largest company by market capitalisation, following Microsoft and Apple. The company’s share price has more than doubled in one year and surged an impressive 92% year to date in 2024. Since the second quarter of 2023, the AI chip maker’s revenue ...
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Microsoft’s total carbon emissions have risen by almost 30 per cent since 2020, according to the company’s annual Environmental Sustainability Report released on Wednesday. While its direct emissions and energy use dropped by more than 6 per cent, its indirect emissions set it back. With the company being a cloud supplier, the construction of more data centres was the main cause. Microsoft highlighted the need for collaboration across industries to develop and use greener building materials, like concrete and steel, and hardware components, like chips, to help reach its goal of becoming carbon...
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Microsoft announced that it will invest $1.7 billion (€1.58 billion) in the next four years in cloud and artificial intelligence (AI) infrastructure in Indonesia. CEO Satya Nadella said the new generation of AI is reshaping how people live and work on a tour of Southeast Asia. It marks the company's single largest investment in Indonesia. "The investments we are announcing today – spanning digital infrastructure, skilling, and support for developers – will help Indonesia thrive in this new era,” Nadella said. Microsoft runs one of the world’s largest cloud computing operations and has taken a ...
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The parent company of Facebook, Meta Platforms, has reported first-quarter earnings that significantly exceeded market expectations. However, shares of the social media giant dropped approximately 15% in after-hours trading due to weaker-than-expected sales revenue guidance and higher-than-anticipated expenses for the current quarter. This has raised concerns about whether the ongoing performance of the tech giant can justify its 39% year-to-date rally. Meta stands as the second-best performer among US big tech companies on Wall Street this year, trailing only Nvidia. However, today's decline ...
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The United Kingdom’s competition body is launching preliminary inquiries into whether Microsoft and Amazon’s partnerships with artificial intelligence (AI) start-ups comply with its merger rules and if these investments could impact competition. Wednesday’s announcement by the UK’s Competition and Market Authority (CMA) comes as Big Tech companies invest heavily in AI companies without formerly being in merger agreements, bypassing regulation. The CMA said it was looking into partnerships between Microsoft and Mistral AI, as well as Amazon and Anthropic. They will also look into Microsoft’s hi...
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Four of Europe's most popular AI chatbots aren’t providing users with accurate information about the upcoming elections, according to a new study. Democracy Reporting International, a non-profit based in Berlin, inputted various questions about the European Elections through Google's Gemini, OpenAI’s ChatGPT 3.5 and 4.0, and Microsoft’s Copilot to see what answers they would get. Between March 11 and 14, researchers asked the chatbots 400 election-related questions in 10 different languages about the election and or voting process in 10 EU countries. The questions were written in simple langua...
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A US government review board said in a scathing report released on Tuesday that a "cascade of security failures" by Microsoft allowed Chinese-backed hackers to break into the email accounts of senior US officials. The Cyber Safety Review Board concluded that the online intrusion was "preventable" and that Microsoft's corporate culture "deprioritised enterprise security investments and rigorous risk management". It said that "Microsoft's security culture was inadequate and requires an overhaul" given the company's central role in the global technology ecosystem. European Commission ordered to b...
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Microsoft has announced who will lead its newly-formed artificial intelligence (AI) division, and surprisingly, it will not be OpenAI CEO Sam Altman. In an unexpected turn of events on Tuesday, the British AI pioneer Mustafa Suleyman, who co-founded DeepMind, Google’s AI development wing, was named as the chief of Microsoft AI. Who is he and why is the deal between Microsoft and his start-up a bit of a mystery? Suleyman is 39 years old and grew up in north London. His father is a Syrian taxi driver and his mother is an English nurse. He attended Oxford University but dropped out at the age of ...
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OpenAI has struck back at billionaire tech mogul Elon Musk by releasing emails that show he supported its plans to create a for-profit company, which he wanted to be the head of, have board control, and merge it with Tesla. The leaked emails counter Musk’s current lawsuit against OpenAI and its co-founders Sam Altman and Greg Brockman, which alleges the start-up betrayed its non-profit mission to develop artificial intelligence (AI) that benefits society. “As we discussed a for-profit structure in order to further the mission, Elon wanted us to merge with Tesla or he wanted full control,” incl...
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Microsoft was founded in 1975, almost 50 years ago, and is now one of the largest companies in the world. In fact, you’ll struggle to find anyone in the western world who hasn’t used a Microsoft product. In early 2024, they overtook Apple as the world’s most valuable company with a market capitalisation of $3.049 trillion (€2.809 trillion). Only the second company ever to surpass a value of $3 trillion. Though much of our day-to-day interactions with Microsoft come through Excel, Word or Xbox, just like every other big tech company, AI is the topic at the forefront of their innovation programm...
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