Microsoft is creating a new engineering division, led by the former global head of engineering at Facebook (now Meta), that will be responsible for building fundamental AI technologies and tools for the company.
Microsoft (MSFT -1.32%) made headlines late last week when it announced it would spend $80 billion this year building data centers that would train artificial intelligence (AI) models and handle AI and cloud-based applications around the world. More than half of the investment will be in the U.S.
Microsoft has taken legal action against a group the company claims intentionally developed and used tools to bypass the safety guardrails of its cloud AI products.
President-elect Donald Trump's inauguration fund has attracted a record-breaking $170 million, including donations from some of the biggest names in technology, aviation, and automotive seeking support from the incoming administration. This is more than double the $62 million raised for Joe Biden's inauguration in 2021 and Trump's first inauguration of nearly $107 million in 2016.
I have been puzzled by the lack of conviction in Microsoft stock over the past one year. I dug deeper and present two possible reasons why this could be so, but don't be unduly concerned over them. Investors with a myopic view want instant success with AI monetization, but Microsoft management is looking out for the long-term prize.
Billionaire Bill Gates is one of the most respected business leaders in the world. Gates co-founded Microsoft and was its CEO through its most rapid growth years in the '80s and '90s as Microsoft came to dominate the market for PC operating systems and productivity software in its Office suite, positions it still enjoys today.
Investment funds can move a stock in one direction given their vast amounts of capital to throw around. In the case of Microsoft, increased fund ownership could bring a bullish trend in the near future.
Wall Street analysts have cast their verdict on Microsoft (NASDAQ: MSFT) for the coming year.
Nvidia (NVDA -0.02%) has been among the best-performing stocks of 2024, and it's easy to see why. The company provides the graphics processing units (GPUs) that quickly became the gold standard for powering artificial intelligence (AI) systems.
Microsoft is offering $1 million to the inauguration fund for President-elect Donald Trump, after kicking in $500,000 for his first term. The company is looking to Trump to oversee favorable artificial intelligence policy in the next four years.
Microsoft Corp (NASDAQ:MSFT) has confirmed a new round of performance-based layoffs impacting a small percentage of jobs across departments. A person familiar with the matter told media outlets that the job cuts would impact less than 1% of the tech giant's workforce, which totalled 228,000 employees as of the end of June.
Microsoft Corp (NASDAQ:MSFT) is eliminating jobs across departments, though the cuts will only affect 1% of employees.