Britain's competition watchdog said on Wednesday it was seeking comments on the AI partnerships between Microsoft and Mistral AI, as well as between Amazon and Anthropic. The Competition and Markets Authority said it was also seeking comments on Microsoft's hiring of former employees of Inflection AI and related arrangements.
Upcoming quarterly reports from U.S. tech giants may show Microsoft is closing the gap on cloud-computing market leader Amazon.com as more businesses switch to its services, attracted by a clutch of generative AI features that are powered by OpenAI's technology.
A smaller AI model running locally on a device likely won't have the same depth of knowledge as its large language model counterparts. But it could work more quickly, be more pers
Microsoft's quarterly sales and profit climbed more than projected, lifted by corporate demand for the software maker's cloud and artificial intelligence offerings.
Investors appear to be losing patience with Big Tech's prodigious artificial intelligence investments this week after Meta Platforms signaled deeper spending and a long road to profitability.
Both Microsoft and Google parent Alphabet reported strong earnings Thursday in the midst of a fierce AI race that has jolted both companies — and offered investors the hope that there's still room for these giants to grow bigger.
Software maker Microsoft reported strong third-quarter earnings on Thursday, led in part by its AI technology and cloud businesses, it said in a statement.
Continued growth in Microsoft's cloud business — fueled in part by the boom in AI — helped the software giant top sales and earnings expectations for the latest quarter, the company announced Thursday.
The U.K.'s Competition and Markets Authority (CMA) is launching preliminary enquiries into whether the close-knit tie-ups and hiring practices involving Microsoft, Amazon and a trio of AI startup falls within the scope of its merger rules -- and whether the arrangements could impact competition in the U.
Microsoft beat Wall Street estimates for third-quarter revenue on Thursday, driven by gains from AI adoption across its cloud services and business software products. Revenue rose 17% to $61.9 billion in the quarter ended March,
Microsoft just shared its earnings report for the quarter that ended March 31, 2024. Figures increased across the board and Microsoft beat expectations in several key areas.
Microsoft, the tech titan most closely associated with AI, has announced nearly $10 billion in investments in artificial intelligence abroad in recent months, the price it is willing to pay to remain a top player in this crucial market.
Microsoft is under scrutiny by the UK's Competition and Markets Authority (CMA) for its newly-found AI partnerships. The investigation will also cover Microsoft's hiring of former employees and related arrangements with Inflection AI.