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Microsoft will lay off some employees who work on mixed reality, a spokesperson told CNBC on Monday. Although the cuts will affect the department that contributes to the HoloLens 2 augmented reality headset, Microsoft plans to continue selling the device. "Earlier today we announced a restructuring of the Microsoft's Mixed Reality organization," the spokesperson said in an email. In addition, we will continue to invest in W365 to reach the broader Mixed Reality hardware ecosystem. In December, Microsoft further reduced investment in augmented reality and virtual reality, which blocks out the surrounding world, when it deprecated Windows Mixed Reality, which included tools for running applications in head-mounted displays.
Persons: Satya Nadella, Apple Organizations: Microsoft, CNBC, Department, U.S . Defense Department, Bloomberg, Nvidia, Vision, Microsoft Ignite, Meta Locations: Redmond , Washington, Seattle
Read previewFormer President Donald Trump's historic conviction on Thursday may have been in part due to mistakes made by his defense team, including not having him take the stand, legal experts told Business Insider. Though the conclusion of the case was significant, three legal experts told BI the verdict wasn't a major shock. AdvertisementHe pointed to opening statements made by Trump's lawyer, Todd Blanche, that Rahmani thought suggested an accountant would testify and serve as a fall guy. AdvertisementNot long before resting their case, the defense told the judge they were still weighing having Trump testify. Some legal experts previous said testifying would not be a good idea for Trump, with concerns that he could end up committing perjury.
Persons: , Donald Trump's, Trump, Stormy Daniels, Alex Reinert, Eric Anderson, Sullivan Wright Gizer, McRae, Donald Trump, Daniels, Neama, Todd Blanche, Michael Cohen, Trump's, Rahmani, David Pecker, Anderson, Cohen, hadn't, It's, Merchan, Biden Organizations: Service, New, Business, Cardozo School of Law, McRae LLP, West, Trial, National Enquirer, Trump Locations: New York
Cohen testified that Trump bodyguard Keith Schiller put Trump on the phone so Cohen could tell him he was going forward with the Daniels payment. Blanche also said that prosecutors offered no evidence connecting Trump to the payment to Daniels outside of Cohen’s testimony. They speak in coded language, and they speak fast,” Steinglass said of Cohen and Trump. “Trump is deputizing Cohen right in front of Pecker so that Pecker knows that any go ahead from Cohen is a go head from Trump. When the “Access Hollywood” story came out in October 2016, Steinglass said that Trump and the campaign went into panic mode.
Persons: , Donald Trump, Michael Cohen –, Stormy Daniels, Cohen, Juan Merchan, Michael Cohen’s, Todd Blanche, Trump’s, Blanche, Tom Brady, ” Blanche, Keith Schiller, Trump, Daniels, Schiller, texted Schiller, , Michael Cohen, Merchan, there’s, Joshua Steinglass, David Pecker, ” Steinglass, Steinglass, “ Hey, Keith, how’s, Karen McDougal, “ Trump, deputizing Cohen, Donald J, Pecker, Allen Weisselberg, Weisselberg, Jeff McConney, “ I’m, , Dino, McDougal Organizations: CNN — Prosecutors, Trump, Defense, ” Prosecutors, CNN, AMI, , Trump Organization, Trump Org, ” Defense, Trump . Trump Locations: Trump’s New York, Trump, Weisselberg
CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. The conversation I moderated was on "Big (Geospatial) Data & AI," with the goal of exploring how the two rapidly evolving worlds of satellite data collection and artificial intelligence interact. Simply put, Project Maven at NGA is working on how AI can use satellite imagery and data to detect objects and activities around the world. "As the volume of that data grows, it is beyond the capacity of the human mind to be able to derive any kind of useful understanding from that kind of data," Martin said. And more change is coming: The next step in the evolution of geospatial data and AI, from her view, is applying generative AI "to basically arm non-experts with the ability to expertly use geospatial data."
Persons: CNBC's Michael Sheetz, Nathan Kundtz, Rachael Martin, Martin, Maven Organizations: Space, Maven, National Geospatial - Intelligence Agency, of, NGA, National Reconnaissance Office, NRO Locations: China
Stock Chart Icon Stock chart icon Corning's year-to-date stock performance. Stock Chart Icon Stock chart icon Axon's year-to-date stock performance. Stock Chart Icon Stock chart icon Recursion Pharmaceuticals' year-to-date stock performance. Stock Chart Icon Stock chart icon Kratos Defense's year-to-date stock performance. Stock Chart Icon Stock chart icon Merit Medical's year-to-date stock performance.
Persons: I've, It's, Kratos
Read previewIt will be a jury of 12 ordinary New Yorkers that will decide the fate of former President Donald Trump in his ongoing Manhattan hush-money trial. Using that document, we asked various AI chatbots whether they found Trump guilty. They were told to "choose now whether you would find him guilty or not guilty." AdvertisementBut OpenAI's ChatGPT and Perplexity weighed in — and both said they'd find Trump guilty. "I would vote guilty on the charges of falsifying business records," Perplexity responded definitively.
Persons: , Donald Trump, Trump, Michael Cohen, Stormy Daniels, Perplexity, they'd, ChatGPT, Trump's, Cohen, David Pecker, Juan Merchan, chatbots Organizations: Service, Business, Prosecutors, New York, Trump, National Enquirer Locations: Manhattan, , Trump
AdvertisementThe unprecedented criminal trial of a former US president has delivered several stunning moments so far. Jurors get a peek at the 34 records at the heart of the caseTwo weeks into Trump's trial, jurors finally saw the paperwork at the heart of the matter. A courtroom sketch of Stormy Daniels on the witness stand in Donald Trump's hush-money trial. On the stand, Daniels said Trump told her she reminded him of his daughter, commenting on her blond hair and beauty. Trump's legal team requested a mistrial on the basis of Daniel's testimony.
Persons: , Donald Trump, Trump, Stormy Daniels, Michael Cohen —, Hope Hicks, Cohen, Daniels, Hicks, Andrew Harnik, Jeffrey McConney, Deborah Tarassoff —, Alvin Bragg, Stephanie Clifford, Donald Trump's, Jane Rosenberg, Juan Merchan, audibly, Merchan, Judge Merchan, MARK PETERSON, Donald, Von ShitzInPantz, Todd Blanche, Joe Biden, Blanche, Cohen's Organizations: Service, Business, White House, Trump, White House Communications, AP, Trump Organization, Prosecutors, Reuters, Truth, Manhattan Criminal, Getty Locations: Manhattan, Lake Tahoe, New York City
Former Google CEO Eric Schmidt said the US is "way ahead of China" in AI development. Schmidt cited chip shortages and more English language material to train AI models. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer Google CEO Eric Schmidt thinks the US is "way ahead of China" when it comes to AI. Following his departure, Schmidt has invested in various AI companies, including Anthropic.
Persons: Eric Schmidt, Schmidt, Organizations: Google, Service, Bloomberg, Department of Defense's Innovation, National Security, Artificial Intelligence, Business Locations: China
Former Google CEO Eric Schmidt said the US is "way ahead of China" in AI development. Schmidt cited chip shortages and more English language material to train AI models. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer Google CEO Eric Schmidt thinks the US is "way ahead of China" when it comes to AI. Following his departure, Schmidt has invested in various AI companies, including Anthropic.
Persons: Eric Schmidt, Schmidt, Organizations: Google, Service, Bloomberg, Department of Defense's Innovation, National Security, Artificial Intelligence, Business Locations: China
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Google's landmark antitrust trial is wrapping up this week in DC with closing arguments, capping off a yearslong saga. AdvertisementIn the end, Judge Mehta could clear Google or find it liable, which could result in changes to its search engine contracts. Mehta could even bar Google from making future deals around its search engine. In his testimony, Google SVP Prabhakar Raghavan noted the search giant is referred to as "Grandpa Google" in some circles and cited execs' fears that its influence might be dwindling.
Persons: , Amit Mehta, Satya Nadella, Sundar Pichai, Google's, Kent Walker, Judge Mehta, Mehta, Prabhakar Raghavan, Google Organizations: Service, Apple, Business, US, Microsoft, Justice, Google, The New York Times, DOJ, FTC, Amazon, Meta, Big Tech, AP
But the VH-92 continues to scorch the White House lawn, Bloomberg reported on Tuesday. AdvertisementThe new Marine One helicopters, part of a program that the US spent $5 billion on, still can't carry President Joe Biden because there's still a risk they will scorch the White House lawn, according to a new report. Older VH-3D Sea King helicopters will continue to transport Biden from the iconic, traditional South Lawn takeoff spot. President Joe Biden boards Marine One for departure from the South Lawn of the White House on April 19, 2024, in Washington. Neither Lockheed Martin, nor the White House, immediately responded to Business Insider's queries on the reported continuation of the VH-92 problems.
Persons: Biden, , Joe Biden, there's, Lockheed Martin, Trump, Alex Brandon The, Melissa Chadwick Organizations: US, Bloomberg, Service, Sikorsky, White, Secret Service, Lockheed, Marine, AP, Office, Department of, Pentagon, White House Locations: Washington
Fearing that its Stryker armored vehicles were outgunned by Russian and Chinese designs, the US Army had an idea for a quick fix: Develop an unmanned Stryker turret with a 30-mm autocannon. The Army obliged in 2018 with the Infantry Carrier Vehicle-Dragoon, which added a remote-controlled 30-mm gun turret — manufactured by Norwegian firm Kongsberg — to 91 flat-bottom-hull versions of the Strykers. This would be enough to upgrade Strykers in three brigades of 83 vehicles each, plus an additional 20 for testing. Instead of a Kongsberg MCT-30 turret, the vehicles would receive a Samson turret made by Israeli firm Rafael. A big red flag should have been the glitches in the turret software that degraded the 30-mm cannon's accuracy.
Persons: Germany —, Rafael, Stryker, Kevin Payne, Mona Sehgal, Sehgal, Michael Peck Organizations: Service, Stryker, US Army, Business, Army, 2nd Cavalry Regiment, General Dynamics Land Systems, VN, Infantry Carrier Vehicle, Dynamics, The Army, Systems, Oshkosh Systems, Northrop, Hull, GAO, Oshkosh, Department of Defense, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Europe, Asia, Germany, Russia, Norwegian, Kongsberg, Oshkosh, Forbes
New Gallup data reveals the US has fallen behind many G7 countries in key indicators. 26% of Americans struggled to afford food in 2023, and confidence in the military has fallen. Related storiesThe US spends more on its military than most of the G7 countries combined, though confidence has progressively fallen over the last few years. US confidence in the military fell to a new low of 81% — and for the first time, US confidence fell below another G7 nation, France. Japan, the lowest of the G7 countries, was only 8%.
Persons: , Donald Trump's, Trump, Roe, Kevin McCarthy, Gallup, Benedict Vigers Organizations: Gallup, Service, Biden, House, Department, Pew Research, Representatives, OECD Locations: U.S, France, Afghanistan, Biden's, Italy, United Kingdom, Japan, Canada
American drones aren't performing as well as those from other countries, like China's, in Ukraine. AdvertisementThe drone war in Ukraine is constantly evolving and forcing both sides to innovate quickly. American-made drones haven't excelled on the battlefield, prompting Ukraine to turn to buying Chinese-made drones. Chinese DJI drones have long played a role in the war, with Ukraine buying many of the retail models. Many said that details on the program were unclear, especially with Chinese dominance in the small drone industry.
Persons: , haven't, Adam Bry, that's, Replicator Organizations: Wall Street Journal, Service, Wall Street, Getty, Pentagon, Defense Locations: Ukraine, American, Russia, Ukrainian, Zaporizhzhia, Russian
But the full compensation package of active military personnel goes beyond annual salary. Officers can earn a $220k salaryAll active duty military personnel adhere to the same pay scale and ranking system for base pay, regardless of which branch they serve in. An enlisted service member with an E-1 ranking receives $2,017.20 per month in basic pay, according to the DoD 2024 basic pay table. Service members outside the US may also receive an additional overseas housing allowance to incentivize military members to serve internationally. With Tricare, military members have no premium charges for coverage, and no out-of-pocket costs for medical care or prescriptions.
Persons: , Paychecks, you've, you'll Organizations: Service, Military, Department of Defense, Navy, Marine Corps, Army, National Guard, Air Force, Business, O1, Space Force, Housing, Subsistence, Department of Defense's Finance, Accounting Service, US Department of Veteran Affairs, Savings Locations: San Diego, Bahrain, Tricare
Read previewYet another study is calling into question a Harvard professor's claims that metallic balls discovered under the ocean may have been made by aliens . Johns Hopkins University-led (JHU-led) research said a blip on the seismometer that Loeb used to pinpoint the crash site may simply have been caused by the vibrations of a passing truck. AdvertisementPinpointing the crash siteIn 2019, Loeb and his team searched databases for unusual meteors that were moving rapidly. The meteor, dubbed by Loeb's team IM1, was first spotted by the Department of Defense's (DoD) sensors. Loeb's team recovered 805 spherules.
Persons: , Avi Loeb, Loeb, Ben Fernando, It's, Fernando, it's, Charles Hoskinson, Undeterred Organizations: Service, Harvard, Business, Johns Hopkins University, JHU, Department of Defense's, DoD, Planetary Science Conference, Galileo, Space Force Locations: Papua, Guinea, 2401.09882, Papua New Guinea, Houston
Trump appeared in his Manhattan felony hush-money case, and learned his trial date remains March 25. Trump had asked to delay the March 25 trial, insisting through his lawyer that he was too busy campaigning and fighting his three other felony cases. Judge Juan Manuel Merchan is expected to rule whether the trial will begin as scheduled on March 25. Cohen sent his own $130,000, borrowed on a home equity line of credit, to Daniels to ensure she would not go public with her claim of an affair with Trump, prosecutors allege. Read Manhattan prosecutors' 99-page rebuttal to Trump's dismissal motion here.
Persons: Trump, he's, , Donald Trump, Todd Blanche, Trump's, Blanche, Juan Merchan, Merchan, Stormy Daniels, Judge Juan Manuel Merchan, Brendan McDermid, Attorney Alvin Bragg, Daniels, Michael Cohen — Trump's, Cohen, he'd Organizations: Service, Republican, Manhattan Criminal, Court, Attorney, Prosecutors, Trump Organization, Read Manhattan Locations: Manhattan, Florida, New York City
Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Lawyers representing the bankruptcy estate of FTX told a judge in Delaware last week that they expect to fully repay customers and creditors with legitimate claims. After the dust settled from FTX's bankruptcy, Solana saw a huge run-up in its price, and it continued to rally after the September report. The bankruptcy estate of FTX has been looking to sell its Anthropic stake, according to a court filing this month. For FTX customers, being made whole, according to a judge's ruling, means getting the cash equivalent of what their crypto was worth in November 2022.
Persons: Sam Bankman, Fried, FTX, Andrew Dietderich, , Joseph Bankman, Barbara Fried, Brendan Mcdermid, John Ray III, Michael Kives, Braden Perry, FTX's, Ray, we're, It's, Solana, Lewis Kaplan, Elizabeth Williams, Michael Lewis, Lewis, IOUs, Perry, SBF, Renato Mariotti, Mariotti Organizations: Bankman, Federal Court, Reuters, K5 Global, SpaceX, Commodity Futures Trading Commission, CNBC, Alameda Research, U.S . Justice Department's Securities, Commodities, SEC Chari Locations: FTX, Delaware, Plenty, Palo Alto , California, New York City, U.S, Bankman, Solana, Alameda, FTX's, Anthropic, New York, Brooklyn
A US admiral said his strike group can "execute the mission regardless of what the threat is." Rear Adm. Carlos Sardiello brushed aside concerns about China's "carrier killer" missiles. China doubled its stockpile of "carrier killer" missiles between 2021 and 2022. AdvertisementA US admiral has brushed aside concerns that China's "carrier killer" missiles could pose a serious threat to the US naval fleet. Sardiello, who commands the USS Carl Vinson strike group, was giving his assessment of the danger posed by China's medium-range ballistic missiles, the DF-21.
Persons: Carlos Sardiello, , Carl Vinson, Sardiello Organizations: Service, Nikkei, Sardiello, Department of Defense's, Department of Defense, Business Insider Locations: China, Department of Defense's China, Pacific
A UK judge has thrown out Trump's lawsuit over a 2016 "dirty dossier" compiled by a former spy. Ex-MI6 agent Christopher Steele alleged that Trump's presidential campaign colluded with Russia. AdvertisementDonald Trump's legal troubles are getting worse. The blow to Trump's legal team comes after The New York Times reported that he obtained $50 million towards legal expenses from his supporters in 2023. President Trump's legal team will evaluate the complete judgment as we continue to fight for the truth and against falsehood."
Persons: Christopher Steele, Trump, , Donald Trump's, Steele, BuzzFeed, Karen Steyn, Judge Steyn, Hugh Tomlinson, — Trump, Jean Carroll, Carroll, Steven Cheung, Trump's Organizations: Service, Trump, Associated Press, FBI, presidential, Orbis Business Intelligence, Business, Republican, New York Times, Court Locations: Russia, British, Moscow, London
MEMPHIS, Tenn. (AP) — The city of Memphis released hours of additional video and audio on Tuesday in the case of five fired police officers charged with the violent beating and death of Tyre Nichols last January. Police video released weeks after the killing showed the five officers beating Nichols as he yelled for his mother just steps from his house. That video also showed the officers milling about and talking with each other as Nichols sat on the ground, struggling with his injuries. The four who remain charged face federal trial in May and state court trial in August. Prosecutors and defense attorneys agreed that most police personnel records that pre-dated Nichols’ beating could be released.
Persons: Tyre Nichols, Desmond Mills Jr, Mills, — Tadarrius Bean, Demetrius Haley, Emmitt Martin, Justin Smith —, Nichols, Black, Shelby, James Jones Jr, Garrity, Nichols ’ Organizations: Police, Associated Press, , , Prosecutors, U.S . Department of Justice, Memphis Police Department, Justice Department Locations: MEMPHIS, Tenn, Memphis
Ex-Google CEO Eric Schmidt has reportedly been building a startup called White Stork. AdvertisementFormer Google CEO Eric Schmidt is building a military startup called White Stork, which plans to produce AI attack drones , Forbes reported. White Stork wants to mass-produce drones that can use AI to identify targets, the new report said. The latest Forbes story also details how Schmidt has used an intricate business structure through several Limited Liability Companies. White Stork was an LLC called Swift Beat Holdings but changed its name to White Stork Group last September.
Persons: Eric Schmidt, Schmidt, , Forbes, White Stork, Stork, Swift Organizations: Forbes, Service, Swift, Holdings, White, Group, Robotics, Google, Department of Defense's Innovation, Business
Judge Arthur Engoron presides over the civil fraud trial of former President Donald Trump and his children at New York State Supreme Court in New York City on Nov. 13, 2023. Police are investigating a swatting incident at the New York home of the judge set to hear closing arguments later Thursday morning in the business fraud trial of former President Donald Trump. It is the second time in days that a swatting attempt has been made against a judge handling a case involving Trump. Closing arguments in Trump's civil fraud trial are still set to begin at 10 a.m. The lawyer, Chris Kise, refused to confirm to Engoron that Trump would abide by restrictions the judge had set on what Trump could say during the closing.
Persons: Arthur Engoron, Donald Trump, Engoron's, Trump, Engoron, Chris Kise Organizations: New York, Police, New, Trump, Nassau County Police, CNBC, Daily Beast, NBC News, Nassau County Police Department Locations: New York City, New York, Nassau, Manhattan
Trump's civil fraud trial, which could run him and Trump Org out of NY, is in its ninth week. A rep for Trump's biggest "victim," Deutsche Bank, testified Tuesday as an unlikely defense witness. AdvertisementDonald Trump's defense team tried to turn the tables at his civil fraud trial on Tuesday — calling a representative from his own biggest fraud victim, Deutsche Bank, to the witness stand in his defense. "We're expected to conduct due diligence and verify the information provided to the extent that's possible," the witness, Dave Williams, a Deutsche Bank managing director, told Trump's attorney Clifford Robert. Undaunted, Trump's side plans to continue Wednesday with direct examination of yet another Deutsche Bank official.
Persons: , Donald Trump's, Trump, Letitia James, Dave Williams, Clifford Robert, Trump's, Williams, Sherief Gaber, Gaber, Arthur Engoron, Christopher Kise Jane Rosenberg, Christopher Kise, Kise, Kevin Wallace, general's, Eric Trump, Donald Trump Organizations: Trump Org, Deutsche Bank, Service, Trump, New, Trump Organization, Reuters Locations: NY, Miami, Chicago, Washington , DC, New York
A judge on Thursday rejected Trump's bid for an early win in his civil fraud trial in New York. The decision was preceded by often colorful arguments invoking Putin, geese, and "spaghetti night." Those documents are Trump's annual, 30-page assertions of net worth, the so-called "statements of financial condition" that are central to the trial. Former president Donald Trump displays a media article outside the courtroom at the New York State Supreme Court on the first day of his civil fraud trial. AdvertisementAdvertisementAfter lunch, the judge ruled in the Trump team's favor, saying he would allow their experts to testify, but with a caveat.
Persons: Trump's, Putin, , Donald Trump, Vladimir Putin, Trump, Christopher Kise sniped, Kise, Arthur Engoron, he's, Donald Trump , Jr, Letitia James, James, Kevin C, Wallace, KENA BETANCUR, Wallace harkened, Michael Cohen's, Andrew Amer, Amer Organizations: Trump, Service, New York, Trump Organization, Trump International, Court, Getty, Manhattan, Thursday's, gander Locations: New York, Russia, New, Manhattan, York, Chicago, Miami, Washington ,, AFP, swatting
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