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US FTC Moves Ahead With Broad Microsoft Antitrust Probe
The FTC sent Microsoft a so-called civil investigative demand, which is similar to a subpoena, late last year. The document compels the company to turn over reams of data about its AI operations, including the cost to train models and obtain data, going as far back as 2016.
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Judge Denies Musk's Bid to Halt OpenAI's For-Profit Shift, Fast Tracks Trial
A US judge has denied Elon Musk's request seeking to pause OpenAI's transition to a for-profit model. Musk does not have "the high burden required for a preliminary injunction" to block the conversion of OpenAI, said US District Judge Yvonne Gonzalez Rogers in Oakland, California.
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Salesforce Said to Cut 1,000 Roles While Hiring Salespeople for AI
Salesforce is announcing lay-offs as it prepares to enter a new fiscal year. More than 1,000 roles will be affected and displaced workers will be able to apply for other jobs internally. The company has also been keeping a closer eye on maintaining profit margins after pressure from activist investors in 2023.
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OpenAI and Microsoft Reportedly Have a Strange Commercial Indicator for AGI
OpenAI and Microsoft reportedly have a unique definition of what constitutes artificial general intelligence or AGI. As per the report, the two entities added a commercial indicator of AGI in last year’s extension of their partnership. The new definition claims that an AI system that can generate at least $100 billion (roughly Rs. 854 lakh crore)...
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Microsoft Forecasts Slower Cloud Business Growth in Second Quarter
Microsoft has forecast an increase in spending on AI this quarter and warned of slower growth in its cloud business Azure, even as the company beat Wall Street's estimates for first-quarter revenue and profit.. The Redmond company has signalled that big AI investments were not enough to keep pace with capacity constraints at its data centres.
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Amazon Set To Join Big Tech's Spending Surge As AI Race Heats Up
As a result of the spending increase, Amazon's gross profit margin growth is expected to have slowed to 1.3% in the April-June quarter, compared with 2.6% in the previous quarter and an average of 2.7% over the past two years.
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Apple's iPhone Sales Target Billions Below Wall Street Expectations as China Business Suffers
Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion (roughly Rs. 49,714 crore) below Wall Street expectations as its China business took a hit. This overshadowed overall fiscal first-quarter sales and profit that beat analysts' targets, powered by iPhone growth, sending Apple shares down 3 percent in after-ho...
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Alphabet And Microsoft See Earnings Rise On AI-Infused Cloud
Google parent Alphabet and computing colossus Microsoft Tuesday reported that quarterly profits climbed on demand for cloud computing enhanced with artificial intelligence.
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Amazon Devices Unit Morale Suffers Amid Staff Cuts, Shaky Development Pipeline
Some workers within Amazon’s once-storied hardware division – responsible for popular devices like the Kindle reader and Echo voice-assistant – say morale within the division has suffered amid staff cutbacks and a pipeline of devices in development that they fear are unlikely to prove hits.
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Google Denies $10 Billion Unlawful Payment Claim, Says Quality Kept Search on Top
Google argued on Tuesday the US was wrong to say the search and advertising giant broke the law to hold onto its massive market share, noting its search engine was wildly popular because of its quality and that dissatisfied users could switch with "a few easy clicks."
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AI to Pay Off Big for Google and Microsoft, but Requires Deep Investment Before Profits Show
Artificial intelligence is expected to pay off big for tech giants including Microsoft and Alphabet someday. But expect deeper investments before gains trickle to the bottom line, the companies said on Tuesday.
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Alphabet Rides Cloud Demand, Ad Sales to Record $74.6 Billion Quarterly Revenue, CFO to Take New Role
Alphabet's second-quarter profit exceeded Wall Street expectations on Tuesday and the Google parent announced that its long-time CFO, Ruth Porat, would assume a new role while the company sought a new finance chief.
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PlayStation Boss Jim Ryan Claims Video Game Publishers Believe Xbox Game Pass Is ‘Value Destructive’
PlayStation boss Jim Ryan has claimed that video game publishers unanimously agree that Xbox Game Pass is “value destructive.” As part of the ongoing trial involving Xbox parent Microsoft and the US FTC, Ryan appeared in a pre-recorded video deposition stating that Microsoft’s business model for Game Pass has some challenges and it isn’t pr...
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Sony Expects Quarterly Profits to Fall 3.2 Percent; Says PS5 Sales Will Jump By 6 Million Units in 2023
Sony Group on Friday said PlayStation 5 sales will jump by six million units this business year, but forecast its profit will slip from a record high as weaker financial services sales offsets gains from gaming, music and movies.
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After Jump In Earnings, Google, Microsoft Ready Themselves For AI War
Google parent company Alphabet beat market expectations in the first quarter of 2023 with a net profit of $15 billion, the company said on Tuesday, in a sign that the search engine behemoth is regaining its footing.
-
US FTC Moves Ahead With Broad Microsoft Antitrust Probe
The FTC sent Microsoft a so-called civil investigative demand, which is similar to a subpoena, late last year. The document compels the company to turn over reams of data about its AI operations, including the cost to train models and obtain data, going as far back as 2016.
-
Judge Denies Musk's Bid to Halt OpenAI's For-Profit Shift, Fast Tracks Trial
A US judge has denied Elon Musk's request seeking to pause OpenAI's transition to a for-profit model. Musk does not have "the high burden required for a preliminary injunction" to block the conversion of OpenAI, said US District Judge Yvonne Gonzalez Rogers in Oakland, California.
-
Salesforce Said to Cut 1,000 Roles While Hiring Salespeople for AI
Salesforce is announcing lay-offs as it prepares to enter a new fiscal year. More than 1,000 roles will be affected and displaced workers will be able to apply for other jobs internally. The company has also been keeping a closer eye on maintaining profit margins after pressure from activist investors in 2023.
-
OpenAI and Microsoft Reportedly Have a Strange Commercial Indicator for AGI
OpenAI and Microsoft reportedly have a unique definition of what constitutes artificial general intelligence or AGI. As per the report, the two entities added a commercial indicator of AGI in last year’s extension of their partnership. The new definition claims that an AI system that can generate at least $100 billion (roughly Rs. 854 lakh crore)...
-
Microsoft Forecasts Slower Cloud Business Growth in Second Quarter
Microsoft has forecast an increase in spending on AI this quarter and warned of slower growth in its cloud business Azure, even as the company beat Wall Street's estimates for first-quarter revenue and profit.. The Redmond company has signalled that big AI investments were not enough to keep pace with capacity constraints at its data centres.
-
Amazon Set To Join Big Tech's Spending Surge As AI Race Heats Up
As a result of the spending increase, Amazon's gross profit margin growth is expected to have slowed to 1.3% in the April-June quarter, compared with 2.6% in the previous quarter and an average of 2.7% over the past two years.
-
Apple's iPhone Sales Target Billions Below Wall Street Expectations as China Business Suffers
Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion (roughly Rs. 49,714 crore) below Wall Street expectations as its China business took a hit. This overshadowed overall fiscal first-quarter sales and profit that beat analysts' targets, powered by iPhone growth, sending Apple shares down 3 percent in after-ho...
-
Alphabet And Microsoft See Earnings Rise On AI-Infused Cloud
Google parent Alphabet and computing colossus Microsoft Tuesday reported that quarterly profits climbed on demand for cloud computing enhanced with artificial intelligence.
-
Amazon Devices Unit Morale Suffers Amid Staff Cuts, Shaky Development Pipeline
Some workers within Amazon’s once-storied hardware division – responsible for popular devices like the Kindle reader and Echo voice-assistant – say morale within the division has suffered amid staff cutbacks and a pipeline of devices in development that they fear are unlikely to prove hits.
-
Google Denies $10 Billion Unlawful Payment Claim, Says Quality Kept Search on Top
Google argued on Tuesday the US was wrong to say the search and advertising giant broke the law to hold onto its massive market share, noting its search engine was wildly popular because of its quality and that dissatisfied users could switch with "a few easy clicks."
-
AI to Pay Off Big for Google and Microsoft, but Requires Deep Investment Before Profits Show
Artificial intelligence is expected to pay off big for tech giants including Microsoft and Alphabet someday. But expect deeper investments before gains trickle to the bottom line, the companies said on Tuesday.
-
Alphabet Rides Cloud Demand, Ad Sales to Record $74.6 Billion Quarterly Revenue, CFO to Take New Role
Alphabet's second-quarter profit exceeded Wall Street expectations on Tuesday and the Google parent announced that its long-time CFO, Ruth Porat, would assume a new role while the company sought a new finance chief.
-
PlayStation Boss Jim Ryan Claims Video Game Publishers Believe Xbox Game Pass Is ‘Value Destructive’
PlayStation boss Jim Ryan has claimed that video game publishers unanimously agree that Xbox Game Pass is “value destructive.” As part of the ongoing trial involving Xbox parent Microsoft and the US FTC, Ryan appeared in a pre-recorded video deposition stating that Microsoft’s business model for Game Pass has some challenges and it isn’t pr...
-
Sony Expects Quarterly Profits to Fall 3.2 Percent; Says PS5 Sales Will Jump By 6 Million Units in 2023
Sony Group on Friday said PlayStation 5 sales will jump by six million units this business year, but forecast its profit will slip from a record high as weaker financial services sales offsets gains from gaming, music and movies.
-
After Jump In Earnings, Google, Microsoft Ready Themselves For AI War
Google parent company Alphabet beat market expectations in the first quarter of 2023 with a net profit of $15 billion, the company said on Tuesday, in a sign that the search engine behemoth is regaining its footing.
