Microsoft has reported quarterly revenue that exceeded Wall Street expectations, driven by strong growth in its artificial intelligence and cloud computing businesses as the company continues to push for wider global adoption of AI tools. The software giant said revenue for the October-to-December quarter reached $81.3 billion, an increase of 17% from the same period … Read more
Microsoft Corp. and the Mercedes-AMG PETRONAS F1 Team on Thursday announced a multiyear partnership that puts Microsoft’s technologies at the heart of race team operations. Through this new collaboration, the companies aim to drive efficiencies and innovations that will help drive performance and amplify the excitement for the more than 800 million Formula 1 fans … Read more
Autodesk Inc. shares climbed more than 3% Thursday after the design software company said it will cut about 7% of its global workforce — roughly 1,000 jobs — to accelerate investment in artificial intelligence and cloud computing initiatives. The layoffs, which Autodesk said will mostly affect customer-facing sales teams, mark the final phase of its … Read more
Cast AI, a cloud optimization platform, has reached a valuation exceeding $1 billion with the launch of its new GPU marketplace and a strategic investment from a major Korean conglomerate. The company unveiled OMNI Compute on Monday, a unified control plane that automatically discovers and integrates compute resources, including GPUs, across multiple cloud providers and … Read more