Enterprise
Microsoft’s stock heads for worst day in two years after disappointing forecast
Microsoft CEO Satya Nadella speaks at a company event on artificial intelligence technologies in Jakarta, Indonesia, on April 30, 2024. Dimas Ardian | Bloomberg | Getty Images Microsoft‘s better-than-expected earnings report wasn’t enough to prevent the stock’s steepest sell-off in two years, as investors instead focused on the company’s forecast for the current period. Microsoft […]
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Uber reports third-quarter results that beat Wall Street’s revenue expectations
Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco on Sept. 26, 2019. Philip Pacheco | AFP via Getty Images Uber reported third-quarter results on Thursday that beat Wall Street’s expectations for revenue but missed on analysts’ projections for gross bookings. Shares of the company were down more than 5% pre-market […]
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Microsoft CFO says OpenAI investment will cut into profit this quarter
Microsoft CEO Satya Nadella, right, speaks as OpenAI CEO Sam Altman looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Justin Sullivan | Getty Images Microsoft‘s massive investment in OpenAI is weighing on earnings. Following Microsoft’s quarterly earnings report on Wednesday, CFO Amy Hood said she expects the company to […]
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Microsoft set to report quarterly results after the close
Microsoft CEO Satya Nadella takes part in the Partnership for Global Infrastructure and Investment Event during the G7 Summit at the Borgo Egnazia resort in Savelletri, Italy, on June 13, 2024. Mandel Ngan | AFP | Getty Images Microsoft will report results for its fiscal first quarter after the close of regular trading on Wednesday. […]
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Reddit shares soar 40% on profitability, rosy guidance
Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange on March 21, 2024. Timothy A. Clary | AFP | Getty Images Shares of Reddit popped more than 40% on Wednesday, one day after the social media company posted a surprise profit in its third-quarter results and offered […]
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Microsoft’s GitHub expands beyond OpenAI, lets developers use AI models from Anthropic, Google
GitHub CEO Thomas Dohmke speaks at the Collision conference in Toronto on June 27, 2023. Chloe Ellingson | Bloomberg | Getty Images Microsoft has a very expensive and very public relationship with artificial intelligence startup OpenAI. But one of Microsoft’s most successful AI products, GitHub Copilot, is now going beyond OpenAI to give developers more […]
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23andMe appoints three new board members following abrupt resignations
ATHERTON, CALIFORNIA – MARCH 15: Anne Wojcicki attends the WSJ. Magazine Style & Tech Dinner on March 15, 2023 in Atherton, California. (Photo by Kelly Sullivan/Getty Images for WSJ.) Kelly Sullivan | Getty Images Entertainment | Getty Images 23andMe appointed three new independent directors to its board, the company announced Tuesday, one month after all […]
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Oracle announces new AI-powered electronic health record
Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018. David Paul Morris | Bloomberg | Getty Images Oracle unveiled a brand new electronic health record on Tuesday, its most significant health-care product update since acquiring the medical records giant Cerner for $28 […]
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Microsoft calls out Google for running ‘shadow campaigns’ in Europe to influence regulators
Google CEO Sundar Pichai and Microsoft CEO Satya Nadella Udit Kulshrestha and David Paul Morris | Bloomberg | Getty Images Microsoft took the unusual step on Monday of publicly criticizing longtime rival Google for running “shadow campaigns” in Europe designed to discredit the software giant with regulators. Microsoft lawyer Rima Alaily wrote in a blog […]
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Oracle applies to join Epic and others in new federal medical record network
Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco, California, U.S., on Sunday, Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Oracle on Monday announced it intends to join a new federally-backed medical network that will make it easier for clinics, hospitals and […]
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