Nvidia eclipses Microsoft as world’s second-largest company
Nvidia shares’ outlook still looks “pretty darn good” after its valuation increased tenfold over the last two years, remarked one analyst.
Microsoft
It’s not you, it’s me: Sydney quantum lab’s break up with Microsoft
David Reilly worried that breaking up with Microsoft had thrown his Sydney-based quantum computing team’s future into peril… Then the phone started ringing.
Microsoft earnings: Stock tanks as AI business growth worse than expected
A leader in all things technology for decades, the profitable but often plain Microsoft received a jolt over the last two years as analysts declared Microsoft the immediate winner in the AI rave, though it disappointed investors Tuesday.
The 10 richest people in the world lose $66 billion in a day
The billionaires behind Tesla, Alphabet, Meta, LVMH and more saw their fortunes plunge in the billions on Wednesday following a rash of earnings reports that disappointed investors.
Meet the billionaires banking on an American cricket league
Microsoft CEO Satya Nadella, Reliance chairman Mukesh Ambani, and other deep-pocketed investors worth a collective $126 billion own franchises in Major League Cricket. But launching a new major sports league in the United States has long been a sticky wicket.
‘In the billions’: What will the CrowdStrike outage cost the Australian economy?
AMP’s chief economist tells Forbes Australia the global cost will be in the billions. Australia’s Minister for Cyber Security says the CrowdStrike update fallout may take weeks to recover from.
‘Largest IT outage in history’: Everything we know about global CrowdStrike outage
Woolworths, ABC, Telstra, The Australian, and are among the companies that have been impacted. Sydney Airport confirmed technical outages today. US airlines Frontier, Allegiant and SunCountry also reported their operations have been impacted due to outages.
Microsoft quits OpenAI board as regulators crack down on big tech’s AI dealmaking
Microsoft has invested $13 billion in OpenAI, but said in a letter it felt confident over the ChatGPT maker’s future and no longer believed an observer seat on the startup’s board was necessary.
Ex-Microsoft execs pour $5.1 million into new genAI startup
The new company, SpatialGPT, aims to help organisations transform how spaces are constructed, managed and used.
Microsoft, Amazon, Nvidia and Alphabet lead tech stock surge to two-month high
Tech stocks on Wall Street defied sticky inflation Friday to post their biggest gain in more than two months—easing market anxiety about a slowdown in economic activities—after blockbuster first-quarter earnings and continued betting on artificial intelligence fired up the valuations of major companies.