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With its shares at a record high of $734.96, Nvidia was worth $1.82 trillion in market value on Wall Street yesterday

AI frenzy puts Nvidia ahead of Amazon in market value

Nvidia briefly surpassed Amazon.com in market capitalisation yesterday, as the euphoria around artificial intelligence catapulted the chipmaker to the fourth most valuable US company.

Business • 13 Feb 24

Microsoft ranks behind market leader Amazon in the cloud computing sector but ahead of Alphabet's Google

Microsoft in talks to end trade body's cloud complaint

Microsoft is in talks with CISPE in an attempt to resolve its European Union antitrust complaint about the US software giant's cloud computing licensing practices, the trade group said today.

Business • 07 Feb 24

Microsoft's total revenue grew 18% to $62 billion in the quarter ended December 31, compared with the average analyst estimate of $61.12 billion

Microsoft touts AI strength, shares dip on higher costs

Microsoft has beaten market estimates for quarterly profit and revenue, as new artificial-intelligence features helped attract customers to its Azure cloud service as they built out their own AI services.

Business • 31 Jan 24

Microsoft closed its $69 billion deal for Activision Blizzard last October

Microsoft cuts 1,900 Activision Blizzard, Xbox staff

Microsoft is letting go of 1,900 employees at Activision Blizzard and Xbox this week, news website The Verge reported today, as last year's widespread tech layoffs spill into 2024.

Business • 25 Jan 24

The company has retained its place as the world's second most valuable company.

Microsoft hits $3 trillion market value

Microsoft's stock market value crossed the $3 trillion milestone for the first time today, retaining its place as the world's second most valuable company, just behind iPhone maker Apple.

Business • 24 Jan 24

Satya Nadella, Microsoft CEO, during an interview with Bloomberg House at Davos today

Microsoft CEO defends OpenAI partnership after probes

Microsoft CEO Satya Nadella has today defended his company's multi-billion-dollar investment in ChatGPT developer OpenAI after the EU and Britain launched probes into whether it resembles a merger.

Business • 16 Jan 24

Vodafone is to invest $1.5 billion in customer-focused AI developed with Microsoft's Azure OpenAI and Copilot technologies

Vodafone in $1.5 billion Microsoft deal for AI, cloud

Vodafone has agreed a 10-year partnership with Microsoft to bring generative AI, digital, enterprise and cloud services to more than 300 million businesses and consumers across its European and African markets.

Business • 16 Jan 24

Microsoft has today overtaken Apple as the world's most valuable company today

Microsoft overtakes Apple as world's most valuable firm

Microsoft overtook Apple as the world's most valuable company today after the iPhone maker began 2024 with its worst start in years due to growing demand concerns.

Business • 11 Jan 24

The European Commission said it was 'checking whether Microsoft's investment in OpenAI might be reviewable under the EU Merger Regulation'

EU says examining Microsoft investment in OpenAI

The European Union's competition regulator said today it was looking into Microsoft's investment into ChatGPT developer OpenAI to see if it merits further investigation under the bloc's merger rules.

Business • 09 Jan 24

Shares of the 'Magnificent Seven' - Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms and Tesla - have soared between around 50% and 240% this year

Can Magnificent 7 trade keep powering US stocks?

As a strong year in US stocks winds down, fund managers face a potentially consequential choice in 2024 - stick with the few massive growth and technology names that have powered equity indexes higher, or take a shot on the rest of the market.

Business • 28 Dec 23

TomTom has partnered with Microsoft to create an AI-powered conversational assistant for cars

TomTom makes AI-based conversational assistant for cars

Digital mapping specialist TomTom said it has partnered with tech giant Microsoft to create an artificial intelligence (AI)-powered conversational assistant for vehicles.

Business • 19 Dec 23

Microsoft has committed to invest over $10 billion into OpenAI and owns 49% of the company

UK competition regulator reviews Microsoft, OpenAI plan

Britain's antitrust regulator said today it will review whether to launch a merger probe of Microsoft's multi-billion dollar partnership with ChatGPT maker OpenAI, weighing in on the US software giant's operations for a second time this year.

Business • 08 Dec 23

Alphabet said its new artificial intelligence model Gemini could help narrow the gap in a race with Microsoft-backed OpenAI

Wall St cheers arrival of Alphabet's AI model Gemini

Alphabet shares ended 5.3% higher last night as Wall Street cheered the launch of Gemini, saying the new artificial intelligence model could help narrow the gap in a race with Microsoft-backed OpenAI.

Business • 08 Dec 23

The study found that while one-third of companies have experienced a data breach, only 14% have had to report an incident to the National Cyber Security Centre or the Data Protection Commission

Half of companies experienced a cyber incident - survey

Almost half of organisations in Ireland have encountered cyber incidents in the last three years, while one in five have suffered resulting financial loss, according to new research from Microsoft Ireland.

Business • 07 Dec 23

Google claims that Microsoft's its business practices in the UK cloud market has left rivals at a significant disadvantage

Google wants antitrust action against Microsoft in UK

Google has called on Britain's antitrust regulator to take action against Microsoft, claiming its business practices had left rivals at a significant disadvantage, according to a letter seen by Reuters.

Business • 01 Dec 23

Former OpenAI CEO Sam Altman (left) and Microsoft CEO Satya Nadella (right)

OpenAI staff threaten to quit unless board resigns

Hundreds of staff at ChatGPT's parent company OpenAI have signed a letter threatening to leave the tech firm unless "all current board members resign," according to US media reports.

Business • 20 Nov 23

Anne Sheehan, General Manager of Microsoft Ireland; Enda McDonagh, Managing Partner, PwC Ireland and Aisling Curtis, Market Leader, Strategic Alliances at PwC Ireland

PwC in deal with Microsoft on new GenAI Business Centre

PwC Ireland is launching a new GenAI Business Centre as it expands its strategic AI collaboration with Microsoft into Ireland.

Business • 20 Nov 23

LSEG owns London's 300-year old stock exchange

LSEG ups growth guidance, plans new share buyback

The London Stock Exchange Group has raised its mid-term growth guidance to "mid to high single" digits and said it would return £1 billion to shareholders in 2024 as it looks beyond the integration of data and analytics company Refinitiv.

Business • 17 Nov 23

Microsoft and Google said they will not challenge their new EU 'gatekeeper' status

Microsoft, Google won't challenge EU gatekeeper status

Microsoft and Google will not challenge an EU law requiring them to make it easier for users to move between competing services such as social media platforms and internet browsers.

Business • 14 Nov 23

Numbers employed at LinkedIn's Irish arm rose by 449 from 1,787 to 2,236 as staff costs increased from $294.2m to $322.54m

Pre-tax profits fall by 43.5% at LinkedIn's Irish unit

Pre-tax profits at the main Irish arm of jobs and professional networking social media platform LinkedIn last year decreased by 43.5% to $99.5m (€93.4m) due to higher costs.

Business • 03 Nov 23

The Siemens Industrial Copilot scheme will see Microsoft and Siemens work together to use generative AI for the manufacturing, transportation and healthcare industries

Siemens and Microsoft to work together on AI project

Siemens and Microsoft have today announced a joint project to use artificial intelligence to increase productivity and human-machine collaboration.

Business • 31 Oct 23

Microsoft's cloud computing and PC businesses grew as customers anticipate using its AI offerings

Microsoft sales beat estimates as customers set for AI

Microsoft has beaten Wall Street estimates for fiscal first-quarter results in all segments, with its cloud computing and PC businesses growing as customers anticipate using its artificial-intelligence offerings.

Business • 25 Oct 23

Microsoft announced the biggest gaming deal in history - worth $69 billion - in early 2022

UK regulator clears Microsoft's deal for Activision

Britain finally cleared Microsoft's $69 billion acquisition of Activision Blizzard today after it forced the Xbox owner to sell the steaming rights to games including "Call of Duty" to address its competition concerns.

Business • 13 Oct 23

Amazon Web Services (AWS) and Microsoft had a combined market share of supply by revenue in UK public cloud infrastructure services market of 70-80% in 2022

UK regulator wants Amazon, Microsoft competition probe

Britain's media regulator has today asked the country's antitrust authority to investigate US tech giants Amazon and Microsoft's dominance of the UK cloud market.

Business • 05 Oct 23

Tech giants battling for content to build AI - Nadella

Microsoft chief executive Satya Nadella has said that tech giants were competing for vast troves of content needed to train artificial intelligence, and complained Google was locking up content with expensive and exclusive deals with publishers.

Business • 03 Oct 23