Tag: $Microsoft

Microsoft (MSFT)+0.31% stock was rising after the tech giant reported better-than-expected third-quarter earnings and revenue.

Microsoft backed away from U.S. and European data center projects totaling 2 gigawatts over the past six months, TD Cowen analysts said, attributing the move to excess infrastructure relative to current AI demand.

Microsoft Corp. has canceled some leases for US data center capacity, according to TD Cowen, raising broader concerns over whether it’s securing more AI computing capacity than it needs in the long term.

Microsoft reported second-quarter earnings and revenue that beat Wall Street estimates on Wednesday. The stock, however, was dropping.

Microsoft edged its way into the quantum computing conversation Tuesday by proclaiming that 2025 would be the year for its business customers to become “quantum-ready” by preparing their organizations for the eventual technological leap.

Microsoft will spend $3 billion to expand its Azure cloud and artificial intelligence (AI) capacity in India, CEO Satya Nadella said on Tuesday, doubling down on a country with tech expertise and low costs to help turn such investments profitable.

OpenAI said Friday that in moving toward a new for-profit structure in 2025, the company will create a public benefit corporation to oversee commercial operations, removing some of its nonprofit restrictions and allowing it to function more like a high-growth startup.

OpenAI’s biggest backer buys nearly half a million GPUs this year in race to build artificial intelligence systems

Microsoft on Tuesday was accused of unfairly overcharging customers of rival cloud companies in a lawsuit claiming damages of more than £1 billion ($1.27 billion).

Microsoft is set to go under the microscope of the nation’s top antitrust watchdog, the Federal Trade Commission, which is launching a sweeping investigation into the tech giant’s practices.

Microsoft reported first-quarter earnings on Wednesday that beat Wall Street estimates, but the stock was falling after the company forecast higher expenses related to artificial intelligence.

Microsoft is continuing to find ways to monetize its massive investments in artificial intelligence with an increasing array of software offerings for enterprises and consumers. The company’s latest effort is what it calls autonomous agents and comes as Wall Street prepares to scrutinize tech companies’ AI spending and growth.

Google filed an antitrust complaint with the European Commission Wednesday accusing Microsoft of using unfair licensing contracts to stifle competition in the multibillion-dollar cloud computing industry.

Microsoft just struck a deal with Constellation  Energy to receive energy from the Three Mile Island nuclear site in Pennsylvania.

BlackRock is preparing to launch a more than $30bn artificial intelligence investment fund with technology giant Microsoft to build data centres and energy projects to meet growing demands stemming from AI.

Microsoft Corp. raised its quarterly dividend 10% and unveiled a new $60 billion stock-buyback program, matching the size of a repurchase plan three years ago.

Microsoft shares fell as much as 7% in extended trading on Tuesday as investors looked past better-than-expected earnings and revenue and focused instead on disappointing cloud results. But executives provided a dose of optimism when they predicted a cloud growth speed-up in the first half of 2025.

Delta Air Lines has hired prominent attorney David Boies to seek damages from CrowdStrike and Microsoft following an outage this month that caused millions of computers to crash, leading to thousands of flight cancellations.

Microsoft users around the world are experiencing an error screen known as the “blue screen of death,” amid persisting widespread tech outages.

The European Union on Tuesday accused Microsoft of breaching antitrust rules with the “abusive” bundling of its Teams and Office products.