microsoft
In a bold move, the US Department of Justice is contemplating a rare bid to break up Alphabet Inc.’s Google following a landmark court ruling that declared the company had monopolized the online search market, according to a report by Bloomberg. This potential action marks the first significant push by Washington to dismantle a major corporation for illegal monopolization since the attempts to break up Microsoft Corp. two decades ago. Alphabet shares fell as much as 2.5% to $160.11 in after-hours trading before erasing some losses. A separate trial scheduled for September 4 will determine the ...
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Palantir Technologies saw a 6% surge in its stock price on Thursday following the announcement of a strategic partnership with Microsoft. This collaboration aims to enhance secure cloud, analytics, and artificial intelligence (AI) capabilities for the US defense and intelligence communities, reinforcing Palantir’s strong presence in the government sector. Palantir, renowned for its advanced software solutions tailored for government use, will leverage this partnership by integrating its key products—including Gotham, Foundry, Apollo, and the new AI Platform (AIP)—with Microsoft’s specialized c...
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The Competition and Markets Authority (CMA) has launched a formal investigation into Amazon’s multibillion-dollar investment in the US artificial intelligence firm Anthropic. The probe aims to determine whether the partnership could potentially harm competition in the UK. The CMA announced on Thursday that it has initiated a “Phase 1” investigation to assess if the Amazon-Anthropic deal constitutes a relevant merger situation that may negatively impact the competitive landscape. Initial findings prompt formal investigationFollowing preliminary scrutiny, the CMA concluded that it has gathered s...
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A significant ruling by US Judge Amit Mehta has determined that Google holds a monopoly in the internet search market, reminiscent of the historic antitrust case against Microsoft. This judgment has marked a pivotal moment in the ongoing scrutiny of major technology companies and their market practices. The case, initiated by the US government in 2020, accused Google of maintaining its search market dominance through the establishment of formidable barriers to entry and feedback mechanisms that solidified its position. Judge Mehta’s ruling, spanning 300 pages, found Google in violation of Sect...
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In a dramatic turn of events, shareholders of cybersecurity giant CrowdStrike have filed a class-action lawsuit against the company. The lawsuit alleges that CrowdStrike made “false and misleading” statements about its software testing processes, leading to a catastrophic IT outage that affected over eight million computers worldwide. This incident has not only raised questions about the company’s software integrity but also led to significant financial repercussions. Did CrowdStrike executives mislead investors?Filed in the federal court in Austin, Texas, the lawsuit claims that CrowdStrike e...
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TikTok, a subsidiary of ByteDance Ltd., has been making significant financial commitments to leverage artificial intelligence (AI) models developed by OpenAI, as integrated through a partnership with Microsoft Corporation. Reports indicate that TikTok has been disbursing nearly $20 million (£15.45 million) monthly for this purpose. This substantial expenditure underscores the strategic importance of AI to TikTok’s operations, as well as the broader implications for the tech industry. A substantial portion of Microsoft’s revenueThe $20 million monthly payment from TikTok represents a significan...
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Microsoft just announced its Q4 earnings and the stock hasn’t responded well. The stock fell as much as 7% after the announcement, though most of it has been recovered as we head into today’s trading session. The reason for the downfall was a slowdown in the growth of the cloud segment. This in itself wouldn’t be that big of a problem, especially since the CEO said the company expects better growth in the next 6 months. What is worrying investors is the fact that the company intends to continue increasing spending on AI. This isn’t just Microsoft, as other companies continue to dish out money ...
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Delta Air Lines faces a significant financial setback following an IT outage caused by a faulty CrowdStrike update earlier in July, with estimated losses reaching $500 million. Delta’s CEO Ed Bastian announced the financial impact and emphasized the company’s intention to seek damages for the disruptions that grounded thousands of planes and caused widespread passenger chaos. Extent of the CrowdStrike IT outageThe IT outage, which stemmed from a botched CrowdStrike update affecting approximately 8.5 million Windows devices globally, led to severe disruptions across various sectors. The inciden...
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Microsoft Azure, a major player in the cloud computing industry, is currently experiencing widespread connection timeout issues, disrupting services for businesses and individuals worldwide. This connectivity problem, reported by Microsoft on Tuesday, is causing significant interruptions across various Azure services and has raised concerns about the reliability of the platform. Users globally are encountering timeouts when trying to access a range of Azure services, including cloud storage, databases, machine learning, and IoT applications. Microsoft has deployed multiple engineering teams to...
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As Advanced Micro Devices Inc. (AMD) prepares to announce its Q2 earnings after market close today, analysts project quarterly revenue of $5.74 billion. This growth is largely attributed to the company’s strong performance in the AI chip market and data center segment. However, investors are particularly focused on updates regarding AMD’s new line of GPUs. Spotlight on AMD’s new GPU lineWhile AMD’s growth spans multiple business segments, the AI infrastructure division is capturing significant investor interest. The MI300X series, utilized by major corporations like Microsoft, Meta, and Oracle...
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