Microsoft has successfully completed its acquisition of video game-maker Activision Blizzard for a whopping $69 billion. This marks one of the most expensive tech acquisitions in history and is expected to have a significant impact on the video game industry. The deal has received final approval from Britain’s competition watchdog, following their earlier decision …
Microsoft recently filed a patent (pdf) for a groundbreaking technology that aims to develop augmented reality (AR) glasses capable of replacing smartphones in the future. In an effort to overcome the limited success of smart glasses technology, particularly due to high costs and unimpressive features, Microsoft plans to revolutionize the market with AR glasses that …
OpenAI, the company behind the ChatGPT chatbot and partially owned by Microsoft, is on the verge of a deal that would value the company at an astounding $90 billion. However, the completion of the deal may hinge on wealthy investors from the Middle East, according to sources familiar with the matter. Sources say that OpenAI …
According to the Internal Revenue Service (IRS), Microsoft is reportedly facing a hefty $28.9 billion tax bill for the years between 2004 and 2013. However, the software giant strongly disagrees with this claim. Earnings expectations for Microsoft and other tech giants Microsoft has recently rejected Notices of Proposed Adjustment (NOPAs) from the IRS, arguing that …
According to Pitchbook, generative AI deals decreased by 29% in the third quarter compared to the previous quarter, with a total value of $6.1 billion. The significant deal value is mainly due to Amazon’s $4 billion agreement with language model provider Anthropic. However, Big Tech’s dominance in the generative AI space may be scaring away …
Hello, fellow humans! We hope you’re enjoying the new, limited Saturday edition of the Daily Brief, which is focused on AI. Rest assured, this content is written by actual people, not robots. Do you have any burning questions about AI that you’d like answered? Or perhaps you’ve had some interesting AI hallucinations you’d like to …
The biggest IPO in South Korea this year isn’t from the energy sector like last year, but from the future: robotics. Making money investing in Japanese robotics companies like FANUC Doosan Robotics Inc., known for its beer-serving, coffee-making, and chicken deep-frying robots, made its debut on the Seoul stock exchange on October 5th, raising $312 …
Wall Street is expressing concerns about the US economic outlook, as private payroll data fell short of expectations and red flags are emerging in the US Treasury bond market. Eric Beiley, Steward Partners, Part 1 According to the latest ADP report, private payrolls only increased by 89,000 jobs in September. This figure is significantly lower …
Zoom Video Communication Inc. is incorporating new artificial intelligence-based features into its suite of tools to compete with Microsoft’s Teams, Bloomberg reports. Earnings expectations for Microsoft and other tech giants The company is introducing a Google Docs-like word processor with collaborative editing features next year. Another tool will use AI to generate scan non-verbal cues …
Good morning, Quartz readers! Get ready for the latest news and updates. Kevin McCarthy, the US House speaker, has been ousted by a far-right coalition. This historical event has caused political and economic uncertainty, leaving many in anticipation. The Federal Trade Commission has accused Amazon of using an unfair algorithm, called “Project Nessie,” to outprice …