‘They Fire, We Hire’ – Germany Seizes On Silicon Valley’s Gloom
Faced with a tight labor market and a shortage of workers with essential software engineering skills, some German firms are considering thousands of job cuts in Silicon Valley as an ...
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Tag: Microsoft
Microsoft To Increase ChatGPT Access As OpenAI Investment Rumors Grow
Microsoft Corp (MSFT.O) on Monday said it is increasing access to highly popular software from OpenAI, a startup it is backing whose futuristic ChatGPT chatbot has engrossed Silicon Valley. Microsoft ...
Microsoft Shares Lag Big Tech Peers As Growth Worries Cause UBS Downgrade
Microsoft Corp (MSFT.O) fell behind big technology peers on U.S. exchanges on Wednesday as its shares plunged 5.3% following a downgrade by brokerage UBS on concerns over slowing growth for ...
U.S. Chamber Of Commerce Cautions Against Draft EU Plan To Shut Out Non-EU Cloud Vendors
The U.S. Chamber of Commerce and a dozen other groups on Thursday cautioned the European Union against implementing rules that could shut out Alphabet (GOOGL.O) unit Google, Amazon (AMZN.O), Microsoft ...
Microsoft Might Offer EU Settlements Soon In Activision Deal – Sources
Microsoft (MSFT.O) is likely to offer remedies to EU antitrust regulators in the coming weeks to ward off formal objections to its $69 billion bid for "Call of Duty" developer ...
Web3 Startup Raises $30M To Create The Metaverse, Backed By British Army, Epic Games
Hadean, a Web3 startup, raised $30 million in its Series A funding, led by Europe-based Molten Ventures. The UK distributed computing startup secured $30 million. The funding round was also ...
UBS Signs 10-Year Carbon Capture Deal With Climeworks
UBS has signed a 10-year carbon removal agreement with one direct air capture company Climeworks. After earlier purchases from Square Inc., Klarna, Stripe, LGT, and Verdane, UBS is the latest ...
Alphabet, Microsoft Results Increase Hopes About Big Tech Surviving Current Slowdown
Alphabet Inc (GOOGL.O) and Microsoft Corp (MSFT.O) results triggered a relief rally on Wednesday in growth shares and heavyweight technology as investors showed confidence in Big Tech’s ability to steer ...
S&P 500 Hit By Bear Market As Recession Fears Grow
Summary Expectations for 75 basis point hike in June climb Wall Street 'fear gauge' surges to one-month high S&P 500 hits the lowest level since March 2021 U.S. equities plunged ...
EU Digital Markets Act Postponed Until 2023
The Digital Markets Act (DMA) was postponed to come into effect in early 2023, instead of being implemented later this year as previously scheduled. Commission EVP Margrethe Vestager said in ...