ChatGPT’s ‘unfettered’ use presents risks, GCHQ warns
The UK's intelligence agency has warned of the dangers of ChatGPT and similar AI language models, advising people to be cautious when using the tech
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NASDAQ:MSFT
Microsoft Corp is a technology company. The company develops and supports software, services, devices and solutions. Microsoft Corp’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing.
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The UK's intelligence agency has warned of the dangers of ChatGPT and similar AI language models, advising people to be cautious when using the tech
Microsoft's chatbot, launched last week, has proven to be moody, argumentative and wrapped in emotion according to testers
“The bull/bear debate on MSFT will only intensify after this print,” analysts said
Microsoft will cut some 11,000 jobs in the coming weeks, continuing the negative sentiment seen across the tech industry
Analysts at the broker kept an outperform rating on the tech giant and said today's weakness in the share price represented a buying opportunity.
Amy Hood, executive vice president and chief financial officer of Microsoft said: “We continue to see healthy demand across our commercial businesses including another quarter of solid bookings as we deliver compelling value for customers.”
Analysts at UBS noted that even with estimates being cut, earnings growth is the slowest since the pandemic-affected final quarter of 2020
In July, Microsoft said it expected about 10% revenue growth in its fiscal first quarter, slower than it has been in more than five years
“We are concerned that Microsoft could use its control over popular games like Call of Duty and World of Warcraft post-merger to harm rivals," said the CMA
Total revenue hit US$51.9 billion, less than analyst estimates of just over US$52.8 billion, but still 12% above the comparable year-ago quarter’s profit of US$46.2 billion
The Dow closed Tuesday down 228 points, 0.7%, at 31,762, the Nasdaq Composite lost 220 points, 1.9%, to 11,563 and the S&P 500 slid 46 points, 1.2%, to 3,921
Crypto has historically trended with large-cap tech stocks, but in a year full of surprises, nothing is a given
Decentralised finance space surpasses US$80bln in total value locked
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The view from broker Wedbush is that much of the worst fears "is already baked into tech stocks at current levels"
The move marks a major endorsement of crypto by a leading luxury brand
The optimism is not universal, with some saying the tech bubble is burst
The software giant reported revenue of $49.36 billion in the third quarter, compared with $41.7 billion a year earlier, versus average estimates of $49.05 billion
Consensus analyst estimates have Microsoft reporting revenue for 3Q of about US$49 billion or $2.18 per share
“We may be reaching the stage of the market cycle where fundamentals and valuation really do matter much more than financial engineering,” said one analyst
As the Federal Reserve’s two-day policy meeting begins, investors will be looking for updates on when the central bank will raise interest rates and by how much
Capricorn Energy and TI Fluid Systems are in London's corporate diary, with 3M, American Express, General Electric, Johnson & Johnson, Verizon Communications Inc announcing in New York pre-market open
Credit Suisse said intellectual property and development capability would be the attractive qualities for potential bidders, while Shore Capital said UK video gaming companies possess similar qualities to those recently acquired
Big-name game franchises could play a major factor in the battle between Xbox and Playstation.
The all-cash deal values Activision shares at US$95 each, a 46% premium to the close last night
Private sector researchers have described the situation as if the “internet is on fire”
Cloud sales jumped by almost $4bn (£2.91bn) from a year ago
Companies often buy back shares even whether the price is high or low, which most investors would view as not the most effective use of cash
It is the 12th straight September where the Redmond outfit has added to its quarterly payout
In a research paper, the tech giant proposed a blockchain-based system, built on the Ethereum network, that is designed to incentivise users to participate and reinforce anti-piracy campaigns
Investors were likely spooked by slower growth than expected at the cloud-services business, prompting a 3% fall of the stock
Headline numbers should comfortably beat the market’s US$44bn and $1.90 estimate.
Tensions are rising over state-sponsored cybercrime and espionage.
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Working from home is driving a boom in cloud-based services
The video game chat app, valued at around US$7bn, has reportedly ended negotiations for a potential merger with the computing giant, rekindling speculation of a possible IPO
Augmented reality allows information to be overlaid on what the wearer is seeing through glasses or a headset
The tech giant's emailing system has been targeted by hackers twice in recent months, threatening the security of thousands of businesses that use it for their own communication
The online communication platform, a staple of the video gaming community, has attracted the attention of the computing giant and is reportedly in negotiations for a takeover that could see it valued at around US$10bn
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The Dow Jones Industrial Average dropped by 308 points on a big sell-off of travel and retail stocks
Discord, which has around 300mln registered users and was valued at around US$7bn in December, could also decide to go public, according to reports
The social media network, popular among hobbyists who post collages featuring home décor, food, fashion and accessories, has seen its share price swell over 300% since its 2019 IPO
Azure, Microsoft's server business, saw revenues jump by 50%
“The attack unfortunately represents a broad and successful espionage-based assault on both the confidential information of the US government and the tech tools used by firms to protect them,” said the tech giant's president Brad Smith
The US commerce department said it will refrain from blocking the video-sharing app pending further legal developments
The computer giant will release its Xbox Series X on Tuesday, with the PlayStation 5 to follow on Thursday
Revenue growth for Azure, the company’s flagship cloud computing business, was 48% higher, up from 47% in the previous quarter
Analysts are estimating EPS of US$1.54 for the quarter alongside revenues of US$35.7bn, with the computing giant's outlook for the Christmas quarter also likely to draw attention as it prepares to launch its new generation of Xbox consoles
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Majority Leader Mitch McConnell adjourned the Senate until November 9, further diminishing the prospects for an aid deal being reached before the election
Around three-quarters of UK firms plan to maintain the increase in home working after the coronavirus has gone away
The US Treasury Secretary said the Oracle deal was being reviewed by the Committee on Foreign Investment in the United States
Larry Ellison has already held preliminary discussions with TikTok’s parent company ByteDance, according to the FT,
Kevin Carter, CEO of the EMQQ ETF said such a law if implemented will help "flush-out several ‘bad-actors’ in the space and help validate the rest”
Trump’s comments followed an executive order earlier this month ordering US firms to stop doing business with the app by September 15, citing concerns it is harvesting data which can then be used by Chinese spy agencies
Donald Trump has ordered US business to stop doing business with the two apps within the next 45 days as the relationship between the world's two largest economies continues to deteriorate
Other investors in ByteDance were reported on Friday to also be putting together a potential bid for TikTok, with a valuation of around US$50bn
For its fourth quarter to June 30, 2020, revenue in Microsoft’s Intelligent Cloud segment rose by 17% to $13.4 billion, with 47% growth in Azure
The computing giant is reportedly planning to use AI to curate stories and headlines on its MSN website as part of an ongoing evaluation of its business
“We’ve seen two years’ worth of digital transformation in two months,” said chief executive officer Satya Nadella
Last Friday the S&P 500 closed down 4.34% and the Nasdaq Composite closed down 2.30%.
The firm told shareholders that it likely will not meet its quarterly revenue guidance for its PC segment
The software giant revealed 14% year-on-year growth in second-quarter revenue to $36.91 billion, better than the $35.68 billion expected by analysts
The computing giant reported first-quarter earnings of US$1.38 per share, above analyst predictions of US$1.25, while revenues came in at US$33.06bn compared to estimates of US$32.2bn
It is the third time the software giant’s board has authorized a buyback plan of that size, having previously done so in 2013 and again in 2016
The high street retailer has borne the brunt of an increasing swing from physical disks to digital video game sales
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The social media giant unveiled the digital currency in a whitepaper on Tuesday, with an official public launch planned for next year
Over half a dozen IPOs are expected to price, including two pharmaceutical firms, an American comfort food chain, and a Chinese challenger to Starbucks
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The tech giant reclaimed its position as the world’s most valuable publicly-traded company when trading opened on Wall Street
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Also moving Thursday were Facebook, Nokia, Tesla, Microsoft and Lam Research
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The Windows software developer is currently the most valuable company in the world
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The FTSE 100 index closed 37.62 points, or 0.5% lower at 7,434.13, albeit above the session low of 7,405.99 as US stocks continued to post big falls on Thursday
Canadian economic growth during the first half of 2019 is now expected to be slower than anticipated in January, the Bank said in a statement, citing oil price declines and a backlog in exporting crude oil as key reasons why investment has
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The IT firm reported a pre-tax loss for the year of US$19.4mln, wider than the US$14mln loss the year before, while revenue fell to US$17mln from US$19.6mln
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After hitting a six-month high on Tuesday afternoon, London's blue-chips took a step back on Wednesday
Last month, the two heavyweights unveiled Apple Arcade and Google Stadia, video game streaming systems that could potentially change the market forever
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The ASX200 is up 17.1 points or 0.30% higher to 6,153.1.
The ride-hailing app giant is set to list on the New York Stock Exchange in April, according to Bloomberg, which cited people familiar with the matter
Stadia promises a paradigm shift for the gaming industry, which has already in recent years seen huge incursion by smart phone games like Candy Crush