Microsoft

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Nvidia Momentarily Passes Apple in Value
Nvidia Momentarily Tops Apple
Oct 26, 2024 2:10 PM CDT

Nvidia Momentarily Tops Apple

AI growth bodes well for chipmaker, analyst says

(Newser) - Nvidia stocks' rally Friday pushed its value briefly to $3.53 trillion, passing Apple to become the most valuable company in the world. The rally was driven by demand for Nvidia's specialized artificial intelligence chips, NBC News reports. Apple was sitting at $3.52 trillion. At the end of...

Three Mile Island Isn't Dead After All

Microsoft agrees to buy all the electricity it can from nuclear plant for 20 years

(Newser) - The site of the worst nuclear reactor accident in US history has been dormant for five years. That's about to change, thanks in large part to Microsoft and its booming electricity needs. Constellation Energy on Friday announced the Three Mile Island nuclear plant, which infamously suffered a partial meltdown...

Trump Campaign Sees Iran Behind Hack of Vance File

News outlets have received internal files from 'Robert'

(Newser) - Donald Trump's campaign says it didn't send confidential vetting files on Sen. JD Vance to news outlets. Politico reports it began receiving emails with the dossier from an AOL account attributed to "Robert" on July 22. "These documents were obtained illegally from foreign sources hostile to...

It Might Well Be the 'Biggest IT Fail Ever'
Global Software Fail
Is of 'Historic' Proportions
the rundown
Jul 19, 2024 1:37 PM CDT

Global Software Fail Is of 'Historic' Proportions

Businesses, airlines, and more were knocked off line in CrowdStrike update snafu

(Newser) - The world got a reminder on Friday of just how vulnerable it is to a tech snafu. Here is the latest on the global computer outage linked to a single company—cybersecurity firm CrowdStrike:
  • What happened: It all boils down to a flawed software update by CrowdStrike, one that wreaked
...

Elon Musk Sues OpenAI: You're Not Helping Humanity
Musk Drops Lawsuit
Against OpenAI
UPDATED
Jun 11, 2024 8:25 PM CDT

Musk Drops Lawsuit Against OpenAI

His complaint claimed founders broke their original vow to make it an open-source resource

(Newser) - Elon Musk has dropped his lawsuit against OpenAI and two of its co-founders, including CEO Sam Altman. According to a court filing seen by CNBC , the case in California state court was dismissed without prejudice. A judge had been due to rule Wednesday on the defendants' request to dismiss the...

Nadella Has Made Microsoft World's Most Valuable Firm

CEO hits 10-year milestone

(Newser) - Microsoft CEO Satya Nadella hit the 10-year milestone at the company Sunday, just weeks after the company hit a huge milestone of its own, overtaking Apple as the world's most valuable company with a market capitalization of more than $3 trillion. Nadella, who took the reins from Steve Ballmer...

Alphabet, Microsoft Release Closely Watched Results

Investors were apparently unimpressed by revenue growth at Google's parent company

(Newser) - Google's corporate parent returned to double-digit revenue growth during last year's final quarter, signaling the internet powerhouse has regained its footing even as it grapples with regulatory and competitive threats to its digital empire. The results announced Tuesday by Alphabet Inc. marked the third consecutive quarter of escalating...

Microsoft: Our Email Was Hit by 'Midnight Blizzard'

Company says Russian hackers that accessed leadership emails also did SolarWinds breach

(Newser) - State-backed Russian hackers broke into Microsoft's corporate email system and accessed the accounts of members of the company's leadership team, as well as those of employees on its cybersecurity and legal teams, the company said Friday. In a blog post, Microsoft said the intrusion began in late November...

In This Microsoft vs. Apple Battle, Microsoft Notches a Win

Software giant now has the most valuable stock in the world, with a 3.3% gain since new year began

(Newser) - For the first time in more than two years, Apple doesn't rule the stock valuation roost. CNBC reports that the tech giant was toppled on Friday by Microsoft as the most valuable public company. Microsoft ended the workweek with a market valuation of $2.89 trillion, compared to Apple'...

How to Make a $1B Salary by Doing Nothing
How to Make
a $1B Salary
Just Sitting
Around
in case you missed it
Dec 31, 2023 3:30 PM CST

How to Make a $1B Salary Just Sitting Around

That's what former Microsoft CEO Steve Ballmer will do in 2024, thanks to his dividends

(Newser) - It's nice work if you can get it: Former Microsoft CEO Steve Ballmer will make $1 billion in 2024 without actually working, reports CNN . It's all thanks to his Microsoft dividends: The company just announced it will pay $3 in dividends per share next year, and Ballmer has...

NYT Suit: We Suffered Billions in Damages Due to AI

It sues OpenAI and Microsoft, claiming copyright infringement

(Newser) - Another first in the category of AI-related lawsuits: The New York Times sued OpenAI and Microsoft for copyright infringement on Wednesday, becoming the first major media organization in the US to do so. The Times sums up the crux of its suit : "that millions of articles published by the...

In Latest Twist, Ousted CEO to Return to OpenAI

Sam Altman will be back, ChatGPT maker says in statement

(Newser) - The ousted leader of ChatGPT-maker OpenAI is returning to the company that fired him late last week, the latest in a saga that has shocked the artificial intelligence industry , the AP reports. San Francisco-based OpenAI said in a statement late Tuesday: "We have reached an agreement in principle for...

Microsoft's Hiring of Ousted CEO a 'Poker Move for the Ages'

What we know so far about the drama at OpenAI with Sam Altman

(Newser) - The drama at OpenAI , the dominant company in the field of artificial intelligence, is apparently not over. The board surprised all of tech by ousting CEO Sam Altman, who was promptly hired by Microsoft. But with most OpenAI employees now threatening a mutiny over the board's actions, it's...

OpenAI Founders Quickly Find New Jobs

Microsoft hires Sam Altman, Greg Brockman 'to lead a new advanced AI research team'

(Newser) - Microsoft announced Monday that it has hired Sam Altman and another architect of ChatGPT maker OpenAI after they unexpectedly departed the company days earlier in a corporate shakeup that shocked the artificial intelligence world, reports the AP . Microsoft Chairman and CEO Satya Nadella tweeted that the US tech giant is...

At OpenAI, a Surprise 'Leadership Transition'
OpenAI Board
Abruptly Ousts
CEO Sam
Altman
THE RUNDOWN
Nov 18, 2023 9:00 AM CST

OpenAI Board Abruptly Ousts CEO Sam Altman

Says 'he was not consistently candid in his communications'; co-founder Greg Brockman quits

(Newser) - In news that shook Silicon Valley on Friday, Sam Altman, the CEO of ChatGPT maker OpenAI, was abruptly fired, though no one yet knows quite why. The Verge and the AP report that the company's board of directors made the move, releasing a statement that noted a "leadership...

Microsoft Closes One of Tech's Biggest Acquisitions

Company's massive $69B deal to buy 'Call of Duty' maker Activision Blizzard is approved

(Newser) - Microsoft has completed its acquisition of video game-maker Activision Blizzard for $69 billion, closing one of the most expensive tech acquisitions in history that could have repercussions across the video game industry, per the AP . The notice that the deal has gone through came seven hours after Microsoft got final...

Arrest Made After Microsoft Exec Killed in Front of His Child

Jared Bridegan's ex-wife, Shanna Gardner-Fernandez, is third person charged in the case

(Newser) - Police have arrested a third person in the ambush-style murder of a Microsoft executive last year—his ex-wife. Shanna Gardner-Fernandez, 35, faces charges including first-degree murder, reports Fox News . Prosecutors say she helped plan the slaying of Jared Bridegan, 33, with her new husband, Mario Fernandez, who was previously arrested...

2 Tech Giants Deliver Strong Earning Reports
2 Tech Giants
Beat Expectations
Jul 25, 2023 4:42 PM CDT

2 Tech Giants Beat Expectations

Alphabet, Microsoft deliver strong earnings reports

(Newser) - Two major tech companies delivered earnings reports after trading ended Tuesday—and both Microsoft and Alphabet, Google's parent company, beat analysts' expectations. Before the closely watched results were released, analysts said the companies would need to show strong numbers to justify the steep rise in stock prices this year....

Microsoft's $69B Activision Deal Gets a Breather

Deadline to close acquisition with game maker is extended until Oct. 18

(Newser) - The deadline for Microsoft's $69 billion acquisition of video game company Activision Blizzard has been extended as the companies seek to close a deal that has been vexed by US regulators, as well as by UK's Competition and Markets Authority. Microsoft believes that pushing back the deadline to...

Microsoft Jumps 4% Amid Wall Street AI Frenzy
Microsoft Jumps 4%
After Revealing AI Pricing
MARKETS
Jul 18, 2023 3:57 PM CDT

Microsoft Jumps 4% After Revealing AI Pricing

Stocks hit their highest level in more than 15 months

(Newser) - Wall Street's frenzy around artificial intelligence helped push stocks to their best level in more than 15 months on Tuesday, along with stronger-than-expected profit reports from several big financial companies. The S&P 500 rose 32.19, or 0.7%, to 4,554.98 and its highest finish since...

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