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 […]
Microsoft says Russian state-sponsored hackers got into ‘very small percentage’ of company emails
Comercia Wealth Management CIO John Lynch shares his outlook for Microsoft's earnings and future amid optimism about AI. Microsoft said Friday that it had been hacked by Russian-linked attackers, affecting a “small portion” of its corporate email accounts. Russian state-sponsored Midnight Blizzard hackers broke into the personal email accounts of some members of Microsoft's senior […]
Microsoft CEO says he’s comfortable with OpenAI’s non-profit status after Sam Altman turmoil
Wall Street Alliance Group partner Aadil Zaman and Peapack Private Wealth Management managing principal David Dietze react to Sam Altman's return to OpenAI five days after he was fired from Making Money. Microsoft CEO Satya Nadella said Tuesday that there are no problems with the company's governance structure. artificial intelligence OpenAI's partnership comes two months […]
Microsoft boss Satya Nadella says tech giant has ‘no issue’ with OpenAI structure despite Sam Altman drama
Microsoft boss Satya Nadella on Tuesday insisted there was “nothing wrong” with OpenAI's governance structure — despite a high-profile internal battle that briefly ousted CEO Sam Altman last year. Zuda. OpenAI, a nonprofit organization run by a board of directors with a mission to prioritize safety over profit, came under intense scrutiny after Altman was […]
Microsoft launches subscription-based AI Copilot Pro for $20 a month
Wall Street Alliance Group partner Aadil Zaman and Peapack Private Wealth Management managing principal David Dietze react to Sam Altman's return to OpenAI five days after he was fired from Making Money. Microsoft on Monday announced the launch of a new subscription-based version of Copilot that aims to offer more powerful features. Artificial intelligence (AI) […]