Microsoft’s quarterly earnings showed a staggering $7.6 billion net income increase from its investment in OpenAI. The partnership is fueling massive Azure commitments, but the capital costs to feed the AI boom are astronomical. Here’s what the numbers really mean.
Tesla just reported its first annual revenue drop ever, even with a better-than-expected fourth quarter. The news comes as BYD officially dethroned it as the world’s top EV seller.
Nasdaq 100 futures climbed 0.4% in extended trading, fueled by a 9% surge in Meta Platforms after a strong sales forecast. Microsoft shares, however, dropped nearly 5% on slowing cloud growth. The Federal Reserve kept interest rates unchanged, as expected.
According to Computerworld, Ernst & Young and Lumen have found success with AI, but through opposite strategies. EY takes a risk-managed approach for its regulated finance work, while Lumen gives AI tools to every employee from day one to build an AI-first culture.
Signet Jewelers is combining its digital and IT teams under new Chief Digital and Technology Officer Raghu Sagi. The move is part of a broader strategy to modernize operations for its portfolio of 11 brands, including Kay and Jared. Sagi brings retail tech experience from Carter’s and Inspire Brands
The Stop Killing Games campaign has officially passed its goal, gathering nearly 1.3 million verified signatures for its European Citizens’ Initiative. The petition, which seeks to prevent publishers from remotely disabling games, will now be formally submitted to the EU Commission in late February.
A new analysis points to a fundamental misalignment between executive ambition and IT practicality as the core reason AI initiatives stall. The solution isn’t more budget, but better communication and shared goals. Mid-market companies might actually have an advantage if they can get this right.
TikTok users globally faced a major service disruption over the weekend, with uploads failing and feeds breaking. The outage came just days after the platform’s transition to majority U.S. ownership, fueling widespread speculation about the cause.
According to a Financial Times report, the Biden administration is planning a $1.6 billion investment into USA Rare Earth for a 10% stake. The deal is part of a broader strategy to onshore production of minerals vital for defense and semiconductors, reducing reliance on China.
Microsoft is rolling out Copilot Checkout, letting users buy from Shopify, PayPal, and Stripe merchants without leaving the chat. It’s the latest move in the AI assistant shopping race started by OpenAI and Google.
