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Microsoft said Wednesday that annual revenue for its flagship cloud computing platform rose 34 per cent to $75 billion. The Azure cloud business has been a centrepiece of Microsoft's efforts to shift its focus to artificial intelligence. The software giant said its fiscal fourth-quarter profit was $34.3 billion, or $3.65 per share, beating analyst expectations for $3.37 per share. It posted revenue of $76.4 billion in the April-June period, up 18 per cent from last year. Analysts polled by FactSet Research had been looking for revenue of $73.86 billion. Microsoft has announced layoffs of about 15,000 workers this year even as its profits have soared. Microsoft CEO Satya Nadella told employees last week the layoffs were weighing heavily on him but also positioned them as an opportunity to reimagine the company's mission for an AI era. Promises of a leaner approach have been welcomed on Wall Street, especially as Microsoft and other tech giants are trying to justify huge amounts of
Even as he grows older, Microsoft founder Bill Gates still fondly remembers the catalytic computer code he wrote 50 years ago that opened up a new frontier in technology. Although the code that Gates printed out on a teletype machine may look crude compared to what's powering today's artificial intelligence platforms, it played a critical role in creating Microsoft in April 1975 a golden anniversary that the Redmond, Washington, company will celebrate on Friday. Gates, 69, set the stage for that jubilee with a blog post reminiscing on how he and his old high school friend the late Paul Allen scrambled to create the world's first software factory after reading an article in the January 1975 issue of Popular Electronics magazine about the Altair 8800, a minicomputer that would be powered by a tiny chip made by the then-obscure technology company, Intel. The article inspired Gates, who was just a freshman at Harvard University, and Allen to call Altair's maker, Micro Instrumentation
Andhra Pradesh IT Minister Nara Lokesh on Thursday announced that the state government has entered into an agreement with global tech giant Microsoft to train two lakh youth in Artificial Intelligence and advanced skills. The Minister stated that the partnership with Microsoft will enhance the employability of the state's youth and prepare them for global opportunities. "Through this partnership two lakh youngsters will receive world-class training, boosting their employability and equipping them for global opportunities," Lokesh wrote in a post on 'X'. According to Nara Lokesh, the Andhra Pradesh government is placing a strong emphasis on skill development, with a commitment to make the state a hub for future-ready talent, driving innovation and growth.
Microsoft wants laptop users to get so comfortable with its artificial intelligence chatbot that it will remember everything you're doing on your computer and help figure out what you want to do next. The software giant on Monday revealed an upgraded version of Copilot, its AI assistant, as it confronts heightened competition from Big Tech rivals in pitching generative AI technology that can compose documents, make images and serve as a lifelike personal assistant at work or home. The announcements ahead of Microsoft's annual Build developer conference in Seattle centered on imbuing AI features into a product where Microsoft already has the eyes of millions of consumers: the Windows operating system for personal computers. The new features will include Windows Recall, enabling the AI assistant to access virtually what you have seen or done on your PC in a way that feels like having photographic memory. Microsoft promises to protect users' privacy by giving them the option to filter
In a scathing indictment of Microsoft corporate security and transparency, a Biden administration-appointed review board issued a report Tuesday saying a cascade of errors by the tech giant let state-backed Chinese cyber operators break into email accounts of senior US officials including Commerce Secretary Gina Raimondo. The Cyber Safety Review Board, created in 2021 by executive order, describes shoddy cybersecurity practices, a lax corporate culture and a lack of sincerity about the company's knowledge of the targeted breach, which affected multiple US agencies that deal with China. It concluded that Microsoft's security culture was inadequate and requires an overhaul" given the company's ubiquity and critical role in the global technology ecosystem. Microsoft products underpin essential services that support national security, the foundations of our economy, and public health and safety. The panel said the intrusion, discovered in June by the State Department and dating to May w