Tag Archives: Microsoft

Microsoft is on track to become only the second company ever to surpass a $4 trillion market valuation, as a surge in its share price follows impressive quarterly earnings. The tech giant’s stock jumped 8% in early Thursday trading, lifting its valuation to approximately $4.14 trillion and further cementing its position as a cornerstone of the global tech industry. Cloud …

Meta Pushes Back on EU’s AI Code, Raising Concerns Over Innovation and Legal Clarity Meta Platforms has opted out of signing the European Commission’s new voluntary Code of Practice for general-purpose artificial intelligence (AI), arguing that the framework creates legal ambiguities and risks stifling technological progress. The decision, announced publicly by Joel Kaplan, Meta’s Chief Global Affairs Officer, marks a …

Despite posting one of its strongest financial quarters to date, Microsoft has initiated a major global workforce reduction affecting more than 6,000 employees, or approximately 3% of its total headcount. The layoffs come in the wake of the company’s $70.1 billion in quarterly revenue and $25.8 billion in net profit, underscoring a broader shift in strategic priorities tied to artificial …

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On Wednesday, November 27, the Australian House of Representatives passed a bill that bans children under the age of 16 from accessing social media platforms. This groundbreaking legislation now awaits approval from the Senate to become law. The bill holds social media companies such as TikTok, Facebook, Snapchat, Reddit, X, and Instagram accountable, imposing fines of up to 50 million …