Microsoft reported slower-than-expected growth in its crucial Azure cloud business on Wednesday despite beating estimates for overall quarterly revenue, sending its shares down 4% in extended trading.
Microsoft has made Chinese startup DeepSeek's R1 artificial intelligence model available on its Azure cloud computing platform and GitHub tool for developers, the U.S. company said on Wednesday.
Questions over multibillion-dollar spending on AI are mounting, spurred by DeepSeek's shock to US stock market
Alex Stamos, SentinelOne chief information security officer, outlines the security concerns related to DeepSeek's app and the safety of their open-source code. He joins Caroline Hyde and Mike Shepard on "Bloomberg Technology" to discuss.
The Mag 7 stocks, MSFT, META, TSLA, GOOGL, AMZN, AAPL and NVDA, are riding high on AI innovation and investments amid growing competition.
Analysts anticipate Microsoft's slowest revenue growth since June 2023. The company invested an additional $750 million in OpenAI during the quarter.
After Wednesday's New York stock market closing bell is "a huge night for the tech world" and the US artificial intelligence sector, analysts said, as Microsoft Corp (NASDAQ:MSFT), Facebook owner Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) and Tesla Inc (NASDAQ:TSLA) all unveil earnings. What makes the stakes even higher is that these earnings arrive fresh off the back of the DeepSeek announcement, which led to many questioning the massive capital spending by members of the 'Magnificent 7' tech giants on rolling out AI models.
CNBC's Steve Kovach and Julia Boorstin report what to expect in earnings from Meta and Microsoft.
Microsoft Corporation MSFT will release earnings results for its second quarter, after the closing bell on Wednesday, Jan. 29, 2025.
The software maker has a reasonable chance of beating estimates when it reports earnings today after market close.
Bloomberg is reporting that Microsoft (MSFT) and OpenAI are investigating whether a group linked to Chinese startup DeepSeek used improperly obtained data from the U.S. artificial intelligence (AI) company to launch the low-cost AI model that sparked a selloff Monday.
Ahead of a big day for markets, Kevin Green sets the table on what to expect from the FOMC and Jerome Powell's first press conference of 2025. Tech earnings will be in focus, with ASML saying "A.I.