Tag: Microsoft

Stocks climbed higher on Tuesday led by a rise in tech shares as investors braced themselves for the release of second-quarter earnings from Microsoft and Google parent company Alphabet. The tech-heavy Nasdaq Composite Index advanced by 0.6%, while the Dow Jones was up by 0.3%...

Microsoft will have two additional months to try to appease British regulators and get its acquisition of  Activision Blizzard over the line. The news came on Tuesday, the same day the proposed takeover was scheduled to close. Back in early 2022, Microsoft agreed to pay...

Microsoft has received unconditional approval from China for its plan to purchase video game company, Activision Blizzard, it was reported on Saturday. The deal still faces antitrust opposition in the U.S. and the United Kingdom. China's approval was slightly unexpected after Activision Blizzard stopped offering...

Microsoft Inc has announced its decision to prepare a multi-billion dollar investment in OpenAI, the company that developed the artificial intelligence-powered chatbot, ChatGPT. Through this investment, Microsoft hopes to add OpenAI’s capabilities to its own software capabilities as it looks to gain the edge...

Microsoft announced on Wednesday its plan to eliminate 10,000 jobs as it attempts to cut costs. The reduction will impact 4.5% of the company's workforce of approximately 221,000 employees. This comes after the tech giant saw a decline in PC sales and cloud growth. "As...

Working for a tech company doesn't seem all that great these days. The layoffs are taking place left and right, and not even Big Tech is immune to them. According to Bloomberg, Microsoft recently made a decision to cut one percent of its workforce...