Latest News, Updates & Breaking Headlines
Salesforce CEO Marc Benioff has once again taken a swipe at Microsoft’s AI chatbot and tool, Copilot. Calling it Clippy 2.0 – an upgraded version of 1990s Office assistant, Clippy – Benioff dismissed it saying that Slackbot offered by Salesforce gets the work done. He also called it the top AI CRM sidekick and every…
Internal power struggles over GPU resources and a chief scientist’s resentment over a colleague’s promotion led to Sam Altman’s ouster from OpenAI, according to Microsoft CTO Kevin Scott. Inexperienced board members, swayed by a one-sided story, failed to grasp the consequences of firing the CEO, sparking employee backlash and a swift return for Altman. Microsoft’s…
Microsoft’s $360 billion single-day crash exposed the catastrophic cost of its OpenAI alliance. After investing $13 billion in Sam Altman’s money-losing venture, Microsoft has tied 45% of its cloud contracts to a partner burning cash with no path to profitability. Circular financing schemes and exploding AI spending finally triggered Wall Street’s reckoning. Microsoft lost $360…
Microsoft led a pullback on Wall Street on Thursday, with US stocks retreating from record levels after the tech heavyweight logged its steepest single-day fall in years, weighing on broader market sentiment. While gold prices also reversed sharply after a blistering run, reflecting a broader cooling of risk appetite across global markets.Microsoft sank 12.3% despite…
After Microsoft’s latest earnings report, CFO Amy Hood has sent her customary internal memo to employees, underscoring the company’s financial performance and strategic priorities. As seen by Business Insider, in the internal memo Hood noted that Microsoft exceeded Wall Street expectations with revenue growing 17% year-over-year and operating income rising by 21%. She also highlighted…
Anthropic CEO Dario Amodei has a warning for Google, Microsoft, Amazon and other tech giants. In an interview with Axios recently, Amodei warned fellow AI titans that “you’re going to get a mob coming for you if you don’t do this in the right way.” “You can’t just go around saying we’re going to create…
Billionaire Peter Thiel argues European tech founders are too risk-averse, cashing out early instead of pursuing global scale. He contrasts this with Silicon Valley’s embrace of failure, citing Mark Zuckerberg’s rejection of a $1 billion Facebook offer. Venture capital data shows the US significantly outpaces Europe in funding and large investment funds, highlighting a persistent…
Shares of Microsoft fell sharply in after-market trading on January 28, despite the company beating earnings expectations for its second quarter. The company’s stock dropped by more than 6% as investors focused less on the earnings beat and more on concerns around the company’s cloud business, Azure. According to a Business Insider report, analysts raised…
Microsoft is rolling out its second-generation artificial intelligence chip, Maia 200 AI chip. The all-new AI chip aims to be a potential alternative to leading processors from Nvidia and to offerings from cloud rivals Amazon and Google. The Maia 200 chip comes two years after Microsoft said it had developed its first AI chip, the…
Microsoft and Amazon are two of the biggest rivals. The two companies compete in the Cloud, with Microsoft Azure and Amazon Web Services (AWS). The two fight for customers as well sometimes for talent. However, a ‘crisis’ in America’s Washington State has brought the two together. The two companies — Microsoft and Amazon — recently…
