AI companies lose $190 billion in market cap after Alphabet and Microsoft report
AI companies lost $190 billion in stock market value late Tuesday after quarterly results from Microsoft, Alphabet and Advanced Micro Devices failed to impress investors who sent their shares soaring. . The tech giant’s reported selloff after the bell comes after hopes of embedding technology throughout the company pushed its stock to record highs following […]
Microsoft scrambles to update its free AI software after Taylor Swift deepfakes scandal
Microsoft has cracked down on the use of its free AI software after the tool was linked to creating sexually explicit deepfake images of Taylor Swift that took social media by storm, raising fears of a lawsuit by the outraged singer. It has increased. The tech giant is pushing an update to its popular tool […]
MIcrosoft CEO Satya Nadella blasts ‘alarming and terrible’ Taylor Swift AI nude images
Microsoft CEO Satya Nadella said tech companies are stepping up efforts to crack down on misuse of artificial intelligence after an explicit AI-generated image of Taylor Swift went viral on social media last week. He said there was a need to “act quickly.” Nadella’s company, which is a major investor in ChatGPT creator OpenAI, called […]
Microsoft CEO: AI needs ‘guardrails’ after fake explicit images of Taylor Swift go viral
Microsoft CEO Satya Nadella called for more “guardrails” for artificial intelligence (AI) and technology after an explicit AI-generated image of Taylor Swift went viral. in exclusive interview Along with NBC News' Lester Holt, Nadella argued that it is “our responsibility” to steward emerging technologies. “I would like to say two things. One is, again, what […]
Alphabet, Microsoft and Meta close at all-time highs ahead of earnings next week – CNBC
Sundar Pichai, CEO of Alphabet Inc. Bloomberg | Bloomberg | Getty Images Alphabet stock rose to an all-time high on Thursday, joining Microsoft and Meta, which have been climbing since hitting new highs earlier this month. Alphabet stock rose 2.1% to close at $151.87. Microsoft rose 0.6% to $404.87 and closed with a market capitalization […]
Microsoft Lays Off 1,900 from Xbox and Recently Acquired Gaming Giant Activision Blizzard
Microsoft acquired gaming giant Activision Blizzard in October for about $69 billion, and it's wasting no time finding ways to cut costs. The company announced it would lay off 1,900 employees at Activision Blizzard and its Xbox division. This means that 8% of employees are in the gaming department. Microsoft has laid off 1,900 employees […]
FTC launches probe into AI investments by Microsoft, Amazon, more
The Federal Trade Commission announced Thursday that it has ordered OpenAI, Microsoft, Alphabet, Amazon, and Anthropic to provide information about recent investments and partnerships involving generative AI companies and cloud service providers. The FTC said in a statement that the order is part of an investigation to “examine corporate partnerships and investments with AI providers […]
Microsoft lays off 1,900 Xbox, Activision Blizzard workers
Microsoft is laying off about 1,900 employees in its gaming division, just weeks after completing its $69 billion acquisition of video game giant Activision Blizzard. Microsoft Gaming CEO Phil Spencer distributed a memo to employees saying the layoffs, which amount to about 8% of the division, will affect staff at Xbox, Activision Blizzard and ZeniMax. […]
Why Nvidia, Microsoft and the 'Magnificent Seven' stocks are back on top in 2024 – MarketWatch
Mega-cap technology stocks are once again taking control of the U.S. stock market as the S&P 500 index continues to hit record highs, defying Wall Street's hopes for a broader rally. Since the beginning of 2024, the market capitalization of the so-called Magnificent Seven has increased by a combined $540.7 billion. In comparison, the total […]
Microsoft hits $3T market value for first time as it chases Apple
Microsoft's stock surpassed the $3 trillion milestone for the first time on Wednesday, retaining its position as the world's second-most valuable company after iPhone maker Apple. Microsoft and Apple stocks have been vying for the top spot as Wall Street's most capitalized stocks since the beginning of the year, with the iPhone maker briefly losing […]