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Cash takes centre stage as investors rethink AI spending boom
Investors are increasingly focused on technology companies' cash generation capabilities to fund artificial intelligence investments. Microsoft and Oracle are gaining positive attention from investors, while Alphabet faces challenges due to rising AI costs. Alphabet's spending has surpassed its operating cash flow, raising concerns about its financial sustainability. In contrast, Microsoft's strong cash flow and forecasted growth indicate effective AI investment returns.
Cyberattacks hit NBFCs; Pine Labs Q2 profit zooms
Cyber criminals are targetting smaller NBFCs with specialised AI toolkits. This and more in today’s ETtech Top 5.
Satya Nadella reinvented Microsoft with the cloud - now, can his AI strategy make it more valuable than Apple by 2027
Microsoft, under CEO Satya Nadella, is aiming to strengthen its AI growth story amidst rising competition. The company is moving from fixed subscription pricing to usage-based billing to better align with AI economics. While Microsoft's Copilot has gained users, its adoption is still below expectations compared to Office 365.
Microsoft beats expectations fueled by Azure cloud business
Microsoft has unveiled its impressive financial performance, reporting a revenue of $92.3 billion and profits soaring past $36.6 billion. The Azure cloud services experienced a remarkable growth of 48%, driven by an increasing demand for AI technologies. In a strategic move, the company has offered voluntary buyouts to 60,000 employees while continuing to innovate hardware aimed at enhancing AI capabilities.
Microsoft beats expectations fueled by Azure cloud business
Microsoft shares popped more than five percent Wednesday afternoon after it reported better than expected revenue and profit, fueled by its Azure cloud computing division which grew by 48 percent in the September quarter. However, Google on Wednesday reported that revenue from its cloud division doubled to $30.7 billion during the quarter, bringing it closer to Microsoft's Azure revenue, which reached $33.2 billion in the same period.
Satya Nadella left India for the US on his 21st birthday; how his education led to a 34-year Microsoft career
On his 21st birthday, Satya Nadella moved to the U.S. to follow his passion for education and technology. He joined Microsoft in 1992 and climbed the ranks over 30 years. Since becoming CEO in 2014, he has championed values of collaboration, diversity, and inclusion. His leadership, shaped by personal experiences like his child's diagnosis, emphasizes empathy and striving for meaningful technological advancements.
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Satya Nadella owns only a tiny stake in Microsoft; how the CEO built an estimated $1.4 billion fortune
Satya Nadella’s $1.4 billion fortune did not come from owning a large part of Microsoft. The CEO built his wealth mainly through company shares, bonuses and salary over the years. While his personal stake remains small, Microsoft’s growth under his leadership has made him one of the wealthiest executives in technology. Here’s how his compensation helped build his fortune.
Microsoft offers voluntary exits to 60,000 employees: What's in it, who qualifies and will India’s 23,000-strong workforce be impacted?
Microsoft has introduced a voluntary exit offer for eligible employees in India, the US, the UK and Canada, covering around 60,000 workers globally. The programme offers financial support and career transition services, but India's share remains unclear. The announcement comes amid US scrutiny of Microsoft's foreign-worker visa practices.
From radical transparency to a 48-hour rule: How Melinda French Gates, Ray Dalio, Satya Nadella and David Shelley approach employee feedback
Melinda French Gates follows a 48-hour rule for employee feedback, giving herself time to reflect before addressing concerns. While Ray Dalio advocates radical transparency and Microsoft CEO Satya Nadella promotes a learn-it-all culture, Hachette chief David Shelley stresses the importance of leaders communicating in their own words rather than relying on AI. Their approaches highlight different ways business leaders handle criticism, encourage learning and communicate with employees.
Microsoft’s Satya Nadella asked if AI will kill us all: Here’s how he responded
Satya Nadella underscored the critical role of the AI sector in safeguarding humanity from potential dangers. He articulated that the primary duty of this industry is to prioritize safety. Nadella urged for robust regulations and standards governing advanced AI systems. He also pointed out that aligning AI with user goals could enhance public confidence in the technology.
Satya Nadella warns about trusting AI. 5 times when AI tried to escape shutdown, blackmail humans, manipulate and more
Microsoft CEO Satya Nadella has issued a warning about the risks of trusting advanced AI systems without strong safeguards. His concerns come after an earlier series of incidents involving ChatGPT, Claude and other AI models, from attempts to evade shutdown to unauthorised actions on real websites. Here are five cases that reveal why AI safety is becoming an urgent concern.
Most trustworthy AI system demands least inherent model trust: Microsoft CEO Satya Nadella
The most trustworthy Super Intelligence system will not be the one powered by the model users trust the most, but rather the system that allows people to trust the model the least, Microsoft CEO Satya Nadella stated in a post on X.
Trump honours Microsoft's CEO Satya Nadella after Vance drops H-1B visa hammer on company
President Donald Trump recognized tech leaders including Satya Nadella with National Medals for their achievements during a ceremony. Vice President JD Vance announced the suspension of Microsoft's green card applications due to alleged visa abuse. Vance criticized Microsoft for laying off American workers while hiring foreign employees. The event coincided with ongoing discussions about the implications of AI on the economy.
Donald Trump gives 'national treasure' Elon Musk top US medal after rift
Donald Trump presented Elon Musk with the top US science medal on Thursday, as the rocket tycoon fully returned to the president's orbit after an explosive bust-up. Trump and Musk gave an amiable if awkward performance on Thursday, with president patting the tycoon on the back and giving him a wooden case containing his medal.
'Our message to Microsoft is...': JD Vance targets tech giant over fraud, abuse as US says Microsoft, Adobe sought 3 million foreign workers
The Trump administration has suspended major tech companies from applying for permanent residency for foreign workers. Various companies, including Microsoft and Adobe, have been accused of abusing the H-1B visa program. U.S. Vice President JD Vance claimed that Microsoft replaced laid-off American workers with foreign workers. Labor Secretary Keith Sonderling stated that nearly 3 million foreign workers were requested by these companies.
Trump plans to honour Microsoft's CEO after Vance drops H-1B visa hammer on company
The crackdown on Microsoft came under Vance's purview as the head of a fraud task force, but the targeting revealed the tension between the companies powering US economic growth and the administration's efforts to reduce immigration that it says has come at the expense of American workers.
Trump plans to honor Microsoft's CEO after Vance drops an H-1B visa hammer on the company
Vice President JD Vance announced that Microsoft has been suspended from the skilled foreign worker visa program. This decision coincides with President Donald Trump's intention to accolade tech giants, including Microsoft CEO Satya Nadella. Vance condemned Microsoft's actions, stating their layoffs of U.S. employees contradict their reliance on H-1B visas, suggesting they misused the system.
Microsoft green card h1b visa program suspension: What is it? What does this mean for those seeking Microsoft jobs in USA?
Microsoft green card h1b visa program suspension: Microsoft is based in Redmond, Washington, near Seattle. Vice President JD Vance said Microsoft last year laid off 6,000 American workers but also obtained 6,300 H-1B visas and almost 3,000 green cards.
Trump expected to award science medal to SpaceX's Elon Musk, other tech leaders
US President Donald Trump will present the National Medal of Science to Elon Musk and other innovators. The White House event will discuss the impact of private-sector investment in scientific breakthroughs and technology. Musk's relationship with Trump has improved following a previous dispute over government contracts. The awards ceremony is significant as it is the first of its kind during Trump's administration.
Microsoft brings more AI to PCs as it challenges Apple
Microsoft said it was releasing Microsoft Execution Containers, a tool to prevent agents from accessing data and doing unauthorized tasks when running on a laptop or desktop machine. Anthropic, OpenAI and Nvidia will use the tools, Pavan Davuluri, executive vice president for Windows and devices, said at the event in San Francisco.
Microsoft, Nvidia CEOs to unveil new AI laptop at San Francisco event
Microsoft is set to unveil a groundbreaking laptop featuring Nvidia's chips, aimed at bolstering local AI functionalities. This ambitious move intends to transfer previously cloud-dependent complex tasks to individual devices, streamlining operations. However, both Microsoft and Apple face hurdles due to escalating hardware expenses in the competitive AI landscape. This event symbolizes a longstanding partnership between Microsoft and Nvidia, which is crucial for the future of advanced computing.
Scott Bessent says AI industry must own its risks and find solutions
Anthropic PBC Chief Executive Officer Dario Amodei, OpenAI chief Sam Altman and SpaceAI Corp.’s Elon Musk in September called for the industry to slow development of its most advanced models, citing growing risks for humanity.
Former LinkedIn chief Ryan Roslansky to leave Microsoft
Ryan Roslansky, who headed Microsoft's M365 apps, has decided to leave the company. He previously served as LinkedIn CEO until this year, after stepping down from that role. His departure is due to the requirement of being based full-time in Redmond, while his family resides in the San Francisco Bay Area. Dan Shapero will continue as LinkedIn CEO, reporting to Microsoft CEO Satya Nadella.
What have leading AI firms agreed to in Trump's Super Intelligence accord
In a significant collaboration spurred by concerns over AI advancements, tech giants convened at the White House to ink a Super Intelligence accord focused on boosting AI safety. While this agreement sets out voluntary safety benchmarks, it has no legal obligations at present. Major firms like Google and OpenAI will implement robust internal controls and monitoring of their AI systems, with independent committees ensuring thorough audits for accountability.
Trump calls Sundar Pichai a ‘monster’; Google CEO has the perfect comeback: 'Hopefully a better tagline than I’m a...'
During a recent press interaction, US President Donald Trump humorously referred to Google CEO Sundar Pichai as a 'monster'. Trump's playful comment emphasized how little people know about Pichai and stressed his name distinctly. In response to the compliment, Pichai made a light-hearted joke regarding the situation. This unexpected exchange between them captured attention and prompted reactions online. The moments showcased the humorous dynamics of their relationship during the engagement.
OpenAI bets on always-on AI agents as safety concerns test pace of AI development
OpenAI announced new AI agents named Dots that assist users by completing tasks proactively. CEO Sam Altman highlighted the importance of safety and security in AI development during his keynote. The company decided to halt the rollout of an advanced model due to significant researcher concerns. Altman emphasized that AI should empower people rather than automate every aspect of life.
Trump-Xi state dinner at White House attended by 21 billionaires with combined wealth almost equal to Canada’s GDP
On September 24, US President Donald Trump hosted a high-profile state dinner welcoming Chinese President Xi Jinping. The event saw the presence of over 130 distinguished guests, including key figures from the tech and business sectors of both nations. The dinner served as a platform to address vital issues, such as trade dynamics, artificial intelligence developments, and tariffs, amidst ongoing tensions.
Trump’s dinner for Xi Jinping looks more like a Silicon Valley Summit, but China CEO's are missing; here's the guest list
US President Donald Trump's dinner with Chinese Supremo Xi Jinping is currently the talk of the tech industry as most of the business elites are invited to attend the high profile event. Here's a tentative guest list on who all are expected to at tonight's supper at the White House.
US Fed, BoE step up scrutiny of bank exposure to trading firms after Jane Street loss: Report
Global banks face inquiries from central banks regarding trading firm exposures. The Bank of England and Federal Reserve seek details on risk appetite and controls. This follows significant losses at Jane Street after hedge fund Situational Awareness's issues. Regulators are examining trading activity and leverage use by the AI-focused fund. Information is being gathered on how bank exposures evolved during trading days.
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