Microsoft Corp
OpenAI hits $10 billion in annual recurring revenue fueled by ChatGPT growth
OpenAI Chief Executive Officer Sam Altman appears on screen during a talk with Microsoft Chairman and Chief Executive Officer Satya Nadella at the Microsoft Build 2025 conference in Seattle, May 19, 2025. Jason Redmond | AFP | Getty Images OpenAI has hit $10 billion in annual recurring revenue less than three years after launching its […]
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Microsoft enters portable gaming with new ROG Xbox Ally devices
Microsoft ROG Xbox Ally and Ally X Handheld devices Source: Xbox Microsoft Xbox players will soon be able to take their favorite games anywhere with the launch of the new ROG Xbox Ally handhelds. This is a first for Xbox, which has never released a handheld before. The devices, developed in collaboration with ASUS, offer […]
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IonQ buys UK quantum startup Oxford Ionics for more than $1 billion
IonQ is buying United Kingdom-based quantum computing startup Oxford Ionics in a deal valued at nearly $1.1 billion. Shares gained about 4%. The companies said in a release that the deal will combine IonQ’s quantum computing hardware and software knowledge with Oxford Ionics’ semiconductor chip technologies. The company aims to deliver breakthroughs in the field […]
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Nvidia’s Huang says programming AI is now like training a person
Nvidia CEO Jensen Huang says artificial intelligence is the “great equalizer” because it lets anyone program using everyday language. Speaking at London Tech Week on Monday, Huang said that, historically, computing was hard and not available to everyone. “We had to learn programming languages. We had to architect it. We had to design these computers […]
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What Apple has to say about AI this week could finally lift its battered stock
For investors, the stakes are high for Apple to deliver at its developer conference this week. Apple holds its annual Worldwide Developers Conference in Cupertino, California this week, opened by a keynote address Monday by CEO Tim Cook that many hope will have unveil an artificial intelligence strategy compelling enough to kickstart a new iPhone […]
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At WWDC, Apple’s AI strategy comes into question
One year ago, Apple announced Apple Intelligence, its response to the wave of sophisticated chatbots and systems kicked off by the arrival of ChatGPT and the age of generative AI. Analysts said Apple’s installed base of more than 1 billion iPhones, the data on its device and its custom-designed silicon chips were advantages that would […]
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CNBC Daily Open: Trump and Musk’s breakup spills into the markets
U.S. President Donald Trump and Elon Musk attend a press event in the Oval Office of the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | Reuters Developments from the White House are growing more exciting and unpredictable than those 1,000-episode Asian drama serials. On Thursday, “So much for being Mr. NICE […]
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CNBC Daily Open: Trump’s relationships can send markets roiling
US President Donald Trump and Tesla CEO Elon Musk speak to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. Mandel Ngan | AFP | Getty Images Developments from the White House are growing more exciting and unpredictable than […]
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Microsoft’s stock hits fresh record, rallying despite drop in broader market
Microsoft Chairman and Chief Executive Officer Satya Nadella speaks during the Microsoft Build 2025, conference in Seattle, Washington, on May 19, 2025. Jason Redmond | AFP | Getty Images On a down day for the market, Microsoft reached a record high for the first time in 11 months. Shares of the software giant rose 0.8% […]
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Corporate layoffs have ramped up in recent weeks. Here are the companies making cuts
Layoffs are illustrated by an oversized pair of scissors, that looms over seven workers sitting in office chairs suspended by strings. Mathisworks | Digitalvision Vectors | Getty Images While Elon Musk has ended his government cost-cutting initiative that resulted in thousands of federal job cuts, mass layoffs are still roiling corporate America. Companies are under […]
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