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Today β€” 16 May 2024Yahoo! Finance: Microsoft News

PRESS DIGEST- Wall Street Journal - May 16

16 May 2024 at 07:49
The following are the top stories in the Wall Street Journal. - Microsoft is asking hundreds of employees in China to consider transferring outside the country amid a rise in tensions between Washington and Beijing around critical technology like cloud computing and artificial intelligence. - International Business Machines is selling to Palo Alto Networks its cloud-based QRadar cybersecurity software as the two technology companies deepen their partnership in jointly selling and developing security products powered by artificial intelligence.

Microsoft asks some China staff to relocate amid Sino-US tensions

16 May 2024 at 04:19
The Wall Street Journal, which first reported the news, said Microsoft is asking about 700 to 800 people who are involved in machine learning and other work related to cloud computing to consider relocating. Microsoft remains committed to China and will continue to operate there and other markets, the spokesperson said.

UPDATE 2-Microsoft asks some China staff to relocate amid Sino-US tensions

16 May 2024 at 04:36
Microsoft is asking some of its China-based employees to consider transferring outside the country, the company said on Thursday, as relations between U.S. and China grow increasingly strained over technologies like artificial intelligence and semiconductors. The Wall Street Journal, which first reported the news, said Microsoft is asking about 700 to 800 people who are involved in machine learning and other work related to cloud computing to consider relocating. Microsoft remains committed to China and will continue to operate there and other markets, the spokesperson said.

Microsoft asks hundreds of China staff to relocate, WSJ reports

16 May 2024 at 04:19
The employees, mostly engineers with Chinese nationality, were earlier in the week offered an option to transfer to countries including the U.S., Ireland, Australia and New Zealand, the report said, citing people familiar with the matter. The move comes amid spiralling US-China relations as the Biden administration cracks down on various sectors of Chinese imports, including electric vehicle (EV) batteries, computer chips and medical products. A Microsoft spokesperson told the Journal that providing internal opportunities is part of its global business and confirmed the company had shared an optional internal transfer opportunity with a subset of employees.

Hedge Funds Pump Up Exposure to Nvidia, Cut AMD

15 May 2024 at 22:14
(Bloomberg) -- Hedge funds continued to lean into the biggest technology companies leading the way in artificial intelligence as the hype propelled the US stock market higher in the first quarter of the year.Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptUS Inflation Data Was Accidentally Released 30 Minutes EarlyUS Inflation Ebbs for First Time in Six Months in Relief for FedChina Considers Government Buying of Unsold Homes to Save Property MarketFlood of Ch
Yesterday β€” 15 May 2024Yahoo! Finance: Microsoft News

Microsoft’s AI Push Imperils Climate Goal as Carbon Emissions Jump 30%

15 May 2024 at 16:00
(Bloomberg) -- When Microsoft Corp. pledged four years ago to remove more carbon than it emits by the end of the decade, it was one of the most ambitious and comprehensive plans to tackle climate change. Now the software giant's relentless push to be the global leader in artificial intelligence is putting that goal in peril.Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptUS Inflation Data Was Accidentally Released 30 Minutes EarlyUS Inflation Ebbs for First Ti

Tanking Profit Overshadowed Alibaba's AI Growth And Reignited Domestic E-Commerce

15 May 2024 at 15:05
On Tuesday, Alibaba Group Holding Limited (NYSE: BABA) reported its net profit took quite a dive during the fiscal fourth quarter, after already having a hard time throughout 2023 as it underwent its largest-ever corporate restructuring. Fourth Fiscal Quarter Highlights For the quarter ended on March 31st, Alibaba posted revenue grew 7% YoY to 221.9 billion yuan, which amounts $30.7 billion, as it boosted domestic e-commerce sales. But, Alibaba reported its net income attributable to ordinary sh

Workers heading back to the office on Mondays, caterer Compass says

15 May 2024 at 12:18
Mondays are now as busy as Thursdays in office canteens in the United States and Britain, the world's largest food catering firm Compass Group said on Wednesday. Compass, which caters to staff at companies such as Microsoft and Shell, raised its annual profit forecast on Wednesday after its half-year ended March benefited from more workers returning to offices. Many global companies including Microsoft, Amazon and Apple have hybrid working policies where employees are required to be in the office for part of the working week.
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