The Federal Trade Commission voted unanimously Thursday to open an investigation into the deals forged by tech giants and swiftly growing generative AI companies, including Microsoft, OpenAI, Amazon,

Microsoft cuts 1,900 jobs in gaming division

01:35pm, Thursday, 25'th Jan 2024
Microsoft joined a growing list of companies to announce layoffs shortly into the new year. The cuts are impacting its gaming division, including Activision Blizzard workers.
FTC will examine what rights the tech giants' investments in AI companies have conferred and if those deals harm competition
It has issued orders to five companies seeking information about recent AI investments and partnerships.
The FTC said is requiring OpenAI, Microsoft, Alphabet, Amazon and Anthropic to provide information on investments and partnerships involving generative AI companies.
The Federal Trade Commission said Thursday it will look closely at the generative-artificial-intelligence investments and partnerships of Alphabet Inc. GOOGL, +1.82% GOOG, +1.88%, Amazon.com, Inc. AMZ
Microsoft has announced an 8% cull to its gaming division merely three months after fighting tooth and nail to finalise its $69 million acquisition of Call of Duty publisher Activision Blizzard. In a
Microsoft (MSFT) is reportedly laying off 1,900 workers in its gaming sector or about 9% of its gaming division, not long after closing its acquisition of "Call of Duty" maker Activision Blizzard (AT

Microsoft (MSFT) Lays Off 1,900 Workers

12:40pm, Thursday, 25'th Jan 2024
Microsoft (MSFT) lays off 1,900 workers, 9% of its gaming division. The Microsoft Gaming CEO noted that layoffs are to reduce “areas of overlap” following the Activision Blizzard acquisition.
Technology titan Microsoft (NASDAQ: MSFT ) incurred choppy trading in Thursday's morning session, with MSFT stock gaining modestly in the final minutes. Earlier, management announced that it will redu
FTC Chair Lina Khan said on Thursday that her agency is looking int AI deals among the biggest players developing and using the technology.
Microsoft is laying off 1,900 people, or eight percent of staff, from its gaming division as it consolidates the blockbuster buyout of "Call of Duty" maker Activision Blizzard.
The agency plans to scrutinize Microsoft, Amazon and Google for their investments in the A.I. start-ups OpenAI and Anthropic.
Microsoft is laying off around 1,900 employees in its gaming division just weeks after completing its $69 billion acquisition of Activision Blizzard.
Microsoft Corp. is cutting 1,900 workers in its gaming business, according to a report, making it the latest tech company to conduct videogame-related layoffs.
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