Microsoft's Xbox spent nearly $80 billion in the last decade on deals that would give it popular video game titles, betting that gamers would flock to its Netflix-like subscription service offering hundreds of options for endless play https://t.co/9lhkZBs2kQ ...

This is Guru Focus Market Today, your afternoon market brief for Tuesday, July 7. Here's where things stand. AI stocks led global markets lower as major US indices, including the Dow, S&P 500, and NASDAQ, retreated from record highs.Semiconductor and AI linked stocks such as Micron, Samsung, KLA, Broadcom and AM fell sharply while oil prices surged in response to renewed tensions in the straight of Hormuz. The session saw a marked rotation out of technology and into energy with investors weighing inflation ...

Microsoft announced yesterday that it's laying off 4,800 employees and more than 30% of those are in the Xbox division. Microsoft is also spinning off four of its game studios and there are apparently even more cuts still to come. At the same time as making all of these huge cuts, Xbox's CEO Asha Sharma is also trying to argue that the Xbox's brightest days are still coming.She wrote that I want Xbox to be one of the few companies that entertains more than a billion people each day and gives everyone the op ...

Microsoft Corp.’s Xbox plans to eliminate 3,200 jobs, or around 20% of its staff over the next year, as part of a massive reorganization to spur growth in the struggling gaming division. Xbox will also divest four of its video-game development studios and is beginning the process to part ways with a fifth. “Our business today is not healthy,” Chief Executive Officer Asha Sharma wrote in a note to staff Monday morning, adding that Xbox is operating at margins three to 10 times lower than comparable businesse ...

Microsoft joins AI cost-cutting trend by relying more on its own models https://t.co/L572yaYvUc ...

Again, I just wanna acknowledge it's kind of noisy out there today, right, particularly post Samsung. But you've taken a look at the mag seven, and then you're looking at how the market's treating the mag seven relative to everything else. What's the reporting.Yeah. Good morning. Thanks for having me.So the mag seven have become something of an afterthought within the market following years where they were really the primary leaders. Like you said, the nature of the AI trade has really been evolving, and we ...

Microsoft starts pulling OpenAI and Anthropic out of Excel and OutlookTens of thousands of prompts a week in Excel and Outlook are now running on @Microsoft's own MAI models, per Bloomberg. Work that used to lean on @OpenAI and @AnthropicAI.Not a clean break. Microsoft still owns roughly 27% of OpenAI, and its flagship Cowork agent still runs on Anthropic's Claude.Cut costs on the everyday stuff, rent the frontier for the hard stuff. Both partners are racing to IPO. Does a Microsoft that needs them less den ...

🎙️ LIVE NOW: Is Microsoft rethinking Xbox? Join reporter Jason Schreier for an interactive Live Q&A with @EdLudlow about the state of gaming. Bring your questions and join the conversation: https://t.co/EAUh5pQcQ3 https://t.co/hnwaXQ6Tem ...

RT Brody Ford (@BrodyFord_)scoop: Microsoft is starting to replace OpenAI/Anthropic models in office apps to save $$. https://t.co/Ko0k3lZonp ...

HAPPENING SOON: Is Microsoft rethinking Xbox? Join video-game industry reporter Jason Schreier in an interactive Live Q&A conversation with @EdLudlow at 1 p.m. EDT. Bring your questions and join here: https://t.co/EAUh5pQcQ3 https://t.co/4nEYvvvDdb ...