OpenAI is targeting a valuation of $150 billion as it tries to raise at least $5 billion, according to the Financial Times,
Microsoft is laying off 650 employees in its Xbox games division, Bloomberg reported. The job cuts mostly affect corporate and support functions, per a memo from Phil Spencer.
Microsoft said it is cutting 650 jobs in its Xbox unit, the third such layoff this year as the company tries to rein in costs and integrate its $69 billion acquisition of Activision Blizzard, Bloomber
OpenAI is raising money at a $150 billion valuation — more than the market cap for Goldman Sachs. The startup is in talks to raise $6.5 billion from investors, including Microsoft and Apple.
D.A. Davidson has initiated coverage on Meta Platforms (META) — with a Buy rating and $600 per share price target — and Alphabet (GOOG, GOOGL) — with a Neutral rating and $170 per share price ta
Microsoft Corporation (NASDAQ:MSFT ) Goldman Sachs Communacopia + Technology Conference September 10, 2024 3:25 PM ET Company Participants Kevin Scott - CTO Microsoft Conference Call Participants Kash

Why Microsoft Stock Topped the Market Today

05:45pm, Tuesday, 10'th Sep 2024
There was some hopeful news about a business in which it's heavily invested. That business is none other than artificial intelligence pace-setter OpenAI.
ETW: Foreign Currency Exposure Proves Beneficial For This High-Yielding CEF
Apple's (AAPL) new iPhone 16 is coming to stores next week. But the tech giant isn't the only company that stands to benefit from sales of the artificial intelligence-powered phone.
Organized labor has arrived at Microsoft headquarters.

The Big 3: MSFT, AAPL, AMZN

12:43pm, Tuesday, 10'th Sep 2024
It's all about the Mag 7 on today's Big 3. Jessica Inskip joins Ben Lichtenstein and Nicole Petallides to examine the technical trends of Microsoft (MSFT), Apple (AAPL), and Amazon (AMZN).

Analysts' Top S&P 500 Stocks to Buy Now

11:32am, Tuesday, 10'th Sep 2024
Merck and United Airlines join the list of stocks scoring rare Strong Buy consensus ratings. Some of the other names might surprise you.
Shares of Rubrik fell more than 6% on Tuesday, as the markets braced for the expiry of a lockup period tied to its initial public offering, clouding the Microsoft-backed cybersecurity company's upbeat
To see if an investment is recession proof, check demand for its services at various periods. Through thick and thin, Microsoft customers have remained loyal to its must-have products.
The lead we see from Microsoft today on AI revenue streams is critical enough and predictive enough that it points toward Azure surpassing $200 billion in revenues by 2028. Azure AI is a platform for
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