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SAN FRANCISCO (AP) — Microsoft Corp. said Tuesday that its profit for the October-December quarter soared 33%, powered by its significant investments in artificial intelligence technology. The company said that increase largely reflected growth in its cloud-computing unit, where Microsoft focuses most of its AI investments. “Microsoft is firmly establishing itself as a frontrunner in the AI race,” said Jeremy Goldman, director of briefings at Insider Intelligence. In addition to other benefits, Goldman suggested that AI technology could help expand Microsoft’s share of digital advertising. That merger boosted Microsoft's revenue growth by four points, according to James Ambrose, the company's director of investor relations.

Persons: ”, Jeremy Goldman, Goldman, James Ambrose, Microsoft's Organizations: FRANCISCO, — Microsoft Corp, Microsoft, Intelligence, Google, FactSet Research, Activision, Revenue Locations: Redmond, Washington

Political Cartoons View All 253 ImagesMicrosoft’s years-long relationship with OpenAI is the best known of the partnerships. Google and Amazon have more recently made multibillion-dollar deals with Anthropic, another San Francisco-based AI startup formed by former leaders at OpenAI. The European Union and the United Kingdom have already signaled that they might also scrutinize the relationship with Microsoft and OpenAI. Antitrust advocates welcomed the actions from both the FTC and Europe into the deals that some have derided as quasi-mergers. The companies have 45 days to provide information to the FTC that includes their partnership agreements and the strategic rationale behind them.

Persons: OpenAI, ”, Lina Khan, Khan, Microsoft didn't, Matt Stoller, Satya Nadella, Kara Swisher, Sam Altman, Nadella, “, ” Nadella, Altman’s, It’s, They’re, Kelvin Chan Organizations: Google, Microsoft, U.S . Federal Trade Commission, FTC, Anthropic, OpenAI, European Union, Antitrust, Big Tech, American Economic Liberties, “, Intel, Bloomberg, Economic Locations: San Francisco, United Kingdom, Europe, OpenAI, Davos, Redmond , Washington, Iowa, Switzerland, London

Facebook fired Kagan in 2006 after he leaked company information to the press at Coachella. "I didn't work too hard at Intel and I didn't spend a lot of money," Kagan says. Following his firing from Facebook, Kagan ran conferences for aspiring entrepreneurs (a hustle he had started while at Intel), taught English in South Korea and picked up consulting work for Silicon Valley tech firms. In addition to working on AppSumo, Kagan manages rental properties and creates content for his YouTube and social media channels. In addition to his AppSumo business and his book, Kagan operates a YouTube channel and manages five rental properties.

Persons: Noah Kagan, Kagan, Bill Gates, Kagan's, Facebook, Camila Ortega, He'd, Maria, didn't, hadn't, AppSumo, They'll, We've, everyone's, we've, Kagan didn't, wasn't, Rolexes, —, he's Organizations: CNBC, Microsoft, Facebook, University of California, Intel, Mint, Apple, PC, PayPal, Rolex, Entertainment, Insurance, Spotify, YouTube, AppSumo, Mazda Locations: Silicon Valley, Redmond , Washington, Barcelona, Austin , Texas, Berkeley, Israel, South Korea, Philippines, Argentina, Austin, Pakistan, AppSumo

BOSTON (AP) — Hewlett Packard Enterprise disclosed Wednesday that suspected state-backed Russian hackers broke into its cloud-based email system and stole data from cybersecurity and other employees. It said it believed the hackers were from Cozy Bear, a unit of Russia's SVR foreign intelligence service. It said the Russian hackers accessed accounts of senior Microsoft executives as well as cybersecurity and legal employees. Political Cartoons View All 253 ImagesCompany spokesman Adam R. Bauer, reached by email, would not say who informed HPE of the breach. “We're not sharing that information at this time.” Bauer said the compromised email boxes were running Microsoft software.

Persons: Cozy Bear, ”, Adam R, Bauer, HPE, We're, ” Bauer, ” HPE Organizations: BOSTON, Hewlett Packard Enterprise, Securities and Exchange, Microsoft, SharePoint, . Securities, Exchange, Hewlett, Packard Inc Locations: Russian, Redmond, Washington, U.S, Europe, Spring , Texas

☆ I moved to the middle of Canada, where the affordable healthcare is great, but the closest city is 2 hours away and I can't find anything cheap on Amazon
▼ + stars: | 2024-01-19 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +7 min

Leslie Redmond, 37, moved to Winnipeg, Canada, from Alaska in 2022. There's a really big Ukrainian population and a really big Polish population. So there are a lot of flavors and foods that are really ubiquitous up here that I wouldn't have had in the States. That was the case across Canada — and across the US — but I think that's kind of slowed down a little bit now. I would say Winnipeg is pretty equivalent to Alaska, but Alaska is higher than what you would find in the lower 48.

Persons: Leslie Redmond, —, It's, I've, Redmond, I'd, Justin Reitsma, they're, it's Organizations: Service, of Agricultural, Food Sciences, University of Manitoba Locations: Winnipeg, Canada, Alaska, There's, States, North Dakota, Vancouver, Quebec, Yukon, we're, Grand Forks, Target, there's, Manitoba, Redmond, oceanside

It said the same highly skilled Russian hacking team behind the SolarWinds breach was responsible. “A very small percentage” of Microsoft corporate accounts were accessed, the company said, and some emails and attached documents were stolen. A company spokesperson said Microsoft had no immediate comment on which or how many members of its senior leadership had their email accounts breached. In a regulatory filing Friday, Microsoft said it was able to remove the hackers' access from the compromised accounts on or about Jan. 13. After gaining a foothold, they used the account's permissions to access the accounts of the senior leadership team and others.

Persons: “ Organizations: BOSTON, —, Microsoft, . Securities, Exchange, SEC, Google, Cozy, Justice, Treasury Locations: — State, Russian, Redmond , Washington, U.S, Europe

☆ Microsoft CEO Satya Nadella says global consensus on AI is emerging
▼ + stars: | 2024-01-16 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Executive Chairman and CEO of Microsoft Corporation Satya Nadella attends a session during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024. Microsoft CEO Satya Nadella said Tuesday he sees global consensus emerging when it comes to artificial intelligence, and that, even though regulatory approaches to the tech may differ from one jurisdiction to another, countries are talking about AI in a similar way. Speaking at the World Economic Forum in Davos, Switzerland, Nadella said he feels there is a need for global coordination on AI and agreeing on a set of standards and appropriate guardrails for the technology. "I think [a global regulatory approach to AI is] very desirable, because I think we're now at this point where these are global challenges that require global norms and global standards," Nadella said, speaking in conversation with WEF Chair Klaus Schwab. The Redmond, Washington-based tech giant has put billions of dollars into OpenAI, the firm behind the popular AI chatbot ChatGPT.

Persons: Microsoft Corporation Satya Nadella, Satya Nadella, Nadella, WEF, Klaus Schwab Organizations: Microsoft Corporation, Economic, Microsoft Locations: Davos, Switzerland, Redmond, Washington

☆ Microsoft's everyday AI companion Copilot is here to help – if you're willing to pay
▼ + stars: | 2024-01-16 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Read previewMicrosoft is ready to offer you a personal AI buddy — if you're willing to pay. The Redmond tech giant is rolling out its "everyday AI companion," called Copilot, to both individuals and small and medium-sized businesses through paid subscription services. On one level, Copilot is a generative AI tool integrated into Microsoft's suite of apps: think Word, Excel, PowerPoint, Outlook and Teams. Divya Kumar, Microsoft's search and AI marketing chief, told Business Insider there's a simple reason to pay: to get priority access to the best AI models. In a demo, Kumar used Outlook to show how Copilot could help save time on emails.

Persons: —, Bill Gates, Bennett Raglin, Gates, ChatGPT, Satya Nadella, Stephen Brashear, Divya Kumar, OpenAI, Kumar, It's Organizations: Service, Redmond, Business, Microsoft, Getty

☆ 20 metro areas expected to see the fastest-appreciating real estate in 2024 and 5 most at risk of declining. Plus, what will happen to mortgage rates, according to a property data firm.
▼ + stars: | 2024-01-15 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Tight inventory, combined with pent-up demand, kept prices in an uptrend last year despite 23-year-high mortgage rates, according to Selma Hepp, CoreLogic's chief economist. AdvertisementCooling mortgage rates and newly built homes will help bring more houses on the market but won't create enough inventory to outpace demand, wrote Hepp. She isn't expecting much change to mortgage rates but said that they will likely be slightly higher from January to February, in line with historical trends that precede the busy spring sales season. If inflation remains tamed and trending downward, and the Federal Reserve begins cutting rates as a response, declining mortgage rates would follow, she added in an email to Business Insider. Metro area Forecasted YOY % change Redding CA Metropolitan Statistical Area 7.30% Santa Maria-Santa Barbara CA Metropolitan Statistical Area 6.81% Bremerton-Silverdale WA Metropolitan Statistical Area 6.51% Coeur d'Alene ID Metropolitan Statistical Area 6.49% Fairbanks AK Metropolitan Statistical Area 6.38% Santa Rosa CA Metropolitan Statistical Area 6.37% Corvallis OR Metropolitan Statistical Area 6.36% Merced CA Metropolitan Statistical Area 6.32% Bend-Redmond OR Metropolitan Statistical Area 6.29% Mount Vernon-Anacortes WA Metropolitan Statistical Area 6.20% Grand Junction CO Metropolitan Statistical Area 6.09% Longview WA Metropolitan Statistical Area 6.07% Pocatello ID Metropolitan Statistical Area 6.00% Casper WY Metropolitan Statistical Area 5.99% Walla Walla WA Metropolitan Statistical Area 5.88% Lewiston ID-WA Metropolitan Statistical Area 5.87% Santa Cruz-Watsonville CA Metropolitan Statistical Area 5.81% Prescott AZ Metropolitan Statistical Area 5.70% Lakeland-Winter Haven FL Metropolitan Statistical Area 5.67% Kahului-Wailuku-Lahaina HI Metropolitan Statistical Area 5.63%The list below is CoreLogic's forecast for the five metro areas that are at the highest risk of price declines.

Persons: —, Selma Hepp, it's, Hepp, isn't Organizations: Service, Business, Federal Reserve, Redding, Santa Barbara, Metropolitan, Silverdale WA Metropolitan, Coeur, Fairbanks AK Metropolitan Statistical, Santa, Corvallis, Longview, Longview WA Metropolitan, Casper, Casper WY Metropolitan, Walla Walla WA Metropolitan, Lewiston, Prescott, Prescott AZ Metropolitan, Lakeland Locations: Metro, Maria, Santa, Bremerton, Silverdale WA, Coeur d'Alene, Santa Rosa, Merced CA, Redmond, Vernon, Anacortes WA, Longview WA, Pocatello, Casper WY, Walla Walla WA, Santa Cruz, Watsonville CA, Prescott AZ, Haven, Lahaina HI

☆ Microsoft's multibillion-dollar investment in OpenAI could face EU merger probe
▼ + stars: | 2024-01-09 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Microsoft 's multibillion-dollar investment in artificial intelligence firm OpenAI could face a full-blown merger investigation in the European Union, EU officials signaled Tuesday. The European Commission, which is the executive arm of the EU, said it was embarking on a competition investigation looking at the markets for virtual worlds and generative artificial intelligence. "The European Commission is checking whether Microsoft's investment in OpenAI might be reviewable under the EU Merger Regulation," the commission said in a statement on Tuesday. "Virtual worlds and generative AI are rapidly developing," Margrethe Vestager, European commissioner for competition, said in a statement Tuesday. The company has integrated some OpenAI technology into its Office, Bing and Windows products, and provides OpenAI with its own Azure cloud computing tools.

Persons: Margrethe Vestager Organizations: Microsoft, European Union, European Commission, European, EU, CNBC, Bing Locations: Redmond, Washington, OpenAI

☆ Boeing's latest 737 Max failure narrowly avoided tragedy — but it won't avoid scrutiny
▼ + stars: | 2024-01-07 | by ( Leslie Josephs | ) www.cnbc.com time to read: +7 min

The 737 Max 9 flown by Alaska Airlines on Friday was delivered less than three months ago. United Airlines and Alaska Airlines, the largest operators of the 737 Max 9, on Saturday said they suspended flights with those planes, forcing the carriers to cancel more than 400 flights. Boeing's leadership has spent roughly five years regrouping after the 2018 and 2019 fatal crashes of its smaller and more popular Boeing 737 Max 8, which prompted a worldwide grounding of both the Max 8 and Max 9, the two types flying commercially. According to Jefferies, the 737 Max 9 represents just 2% of Boeing's backlog of more than 4,500 Max planes. Richard Aboulafia, managing director at aviation consulting firm Aerodynamic Advisory, said the problem on the Alaska Airlines plane appears to be a manufacturing defect, not an inherent design flaw.

Persons: Jason Redmond, Max, Jim Hall, I've, we've, Dave Calhoun, Calhoun, he's, Jennifer Homendy, Aerosystems, John Goglia, Jefferies, Richard Aboulafia Organizations: Reuters Boeing, Alaska Airlines, Federal Aviation Administration, FAA, National Transportation Safety Board, Boeing, United Airlines, Regulators, Airbus, hasn't, Wall Street, NTSB Locations: Renton , Washington, Portland , Oregon, Ontario , California, Portland, United, Alaska

☆ Microsoft says a Copilot key is coming to keyboards on Windows PCs starting this month
▼ + stars: | 2024-01-04 | by ( Jordan Novet | ) www.cnbc.com time to read: +1 min

Microsoft on Thursday said keyboards on upcoming Windows PCs will feature a Copilot key for having text conversations with the software maker's virtual assistant. It's one of the most prominent additions to the Windows keyboard since the 1994 introduction of the Windows key for viewing the Start menu. Copilot in Windows taps artificial intelligence models from Microsoft-backed startup OpenAI, which operates its own popular ChatGPT chatbot. Microsoft has started delivering Copilot on PCs with Windows 10, the world's most popular operating system, and Windows 11. People can hold down the Windows key and push the C key to summon the Copilot.

Persons: Yusuf Mehdi, It's Organizations: Microsoft, Workers, Copilot, Windows Locations: Redmond , Washington

☆ Ryan O'Neal, famous for his role in 'Paper Moon' alongside his daughter, dead at 82, son says.
▼ + stars: | 2023-12-08 | by ( Associated Press | ) www.businessinsider.com time to read: +8 min

Ryan O'Neal was diagnosed with prostate cancer in 2012, a decade after he was first diagnosed with chronic leukemia. Advertisement"My father, Ryan O'Neal, has always been my hero," Patrick O'Neal wrote, adding, "He is a Hollywood legend. His real-life daughter, Tatum, played a trash-talking, cigarette-smoking orphan who needs his help — and eventually helps redeem him. Ryan O'Neal pleaded guilty to the charge and entered a drug diversion program, but he publicly denied the drugs were his. Charles Patrick Ryan O'Neal was born on April 20, 1941 and was the son of screenwriter Charles O'Neal and actor Patricia Callaghan O'Neal.

Persons: —, Ryan O'Neal, Oscar, Tatum, Patrick O'Neal, O'Neal, Peter Bogdanovich, Stanley Kubrick, Barry Lyndon, Farrah Fawcett, Fawcett, Redmond, Joanna Moore, Griffin O'Neal, Tatum O'Neal, Patrick, Leigh Taylor, Young, Ali MacGraw, Griffin, Peyton, Mia Farrow, Bogdanovich, Barbra Streisand, Shirley Temple, O'Neal's, perfectionism, Oliver Barrett, John McEnroe, Drew Barrymore, Gian, Carlo Coppola, Francis Ford Coppola, negligently, Redmond O'Neal, Charles Patrick Ryan O'Neal, Charles O'Neal, Patricia Callaghan O'Neal Organizations: Service, Business, Paramount Pictures, Hollywood Locations: Los Angeles, Europe, Bogdanovich's, Maryland

U.S. Supreme Court Associate Justice Samuel A. Alito Jr. poses during a group portrait at the Supreme Court in Washington, U.S., October 7, 2022. Such a ruling also could frustrate policies favored by some Democrats, including Senator Elizabeth Warren, for a tax on the net worth - meaning all assets and not just income - of the super-rich. Alito defended the court in articles in the Wall Street Journal's opinion section. The Moores sued the U.S. government in 2019 challenging the mandatory repatriation tax. Circuit Court of Appeals threw out the case, noting that under Supreme Court precedent the "realization of income is not a constitutional requirement."

Persons: Samuel A, Alito Jr, Evelyn Hockstein, Samuel Alito, Charles, Kathleen Moore, Donald Trump, Moores, Elizabeth Warren, Alito, Alito's recusal, David Rivkin Jr, Andrew Chung, Will Dunham Organizations: Supreme, REUTERS, Rights, U.S, Competitive Enterprise Institute, Democratic, Moores, Street, Circuit, Thomson Locations: Washington , U.S, Redmond , Washington, Republican, Constitution's, Bangalore, India, San Francisco

WASHINGTON (AP) — The Supreme Court is taking up a case Tuesday over a Washington couple's $15,000 tax bill that is widely seen as a test of a never-enacted tax on wealth. Political Cartoons View All 1277 ImagesThe Moores paid $15,000 in taxes based on Charles Moore’s investment in an Indian company. They argue that the tax violates the 16th Amendment, which allows the federal government to impose an income tax on Americans. “The Moore case could make it impossible to close those loopholes,” Wyden said. Public documents show that Charles Moore's involvement with the company, including serving as a director for five years, is far more extensive than court filings indicate.

Persons: Charles, Kathleen Moore, Paul Ryan, Donald Trump, ”, Moores, Charles Moore’s, Moore, Democratic Sen, Ron Wyden, “, ” Wyden, Charles Moore's, Samuel Alito, David Rivkin, Alito, Rivkin, Fatima Hussein Organizations: WASHINGTON, Washington, Wisconsin Republican, Republican, U.S . Chamber of Commerce, Democratic, Oregon, Moores, ___ Associated Locations: Redmond , Washington, Indian, ___

☆ Asia stocks closing in on strongest month since January
▼ + stars: | 2023-11-30 | by ( Kane Wu | ) www.reuters.com time to read: +4 min

A man is reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan April 18, 2023. The MSCI Asia-ex-Japan stocks index (.MIAPJ0000PUS) is up 6.7% so far this month, setting it on course to mark the best month since January. South Korea's KOSPI (.KS11) has led the rally in Asia with 10.5% gains this month, followed closely by Taiwan (.TWII) and Japan's Nikkei Average index (.N225). Ten-year U.S. yields are down more than 60 basis points in November, on track for the steepest monthly drop since late 2008. U.S. financial conditions are the loosest since early September and have eased 100 basis points in a month, according to Goldman Sachs.

Persons: Issei Kato, Korea's, Christopher Waller, Waller, Redmond Wong, Goldman Sachs, J.P.Morgan, Brent, Kane Wu, Vidya Ranganathan, Sam Holmes Organizations: REUTERS, Fed, Stock, U.S, Wednesday, Saxo Markets, Organization of, Petroleum, Reuters, Thomson Locations: Tokyo, Japan, HONG KONG, U.S, Asia, Taiwan, Greater China, China, Russia, Hong Kong

☆ Asia stocks hold gains as confidence grows on rate outlook
▼ + stars: | 2023-11-23 | by ( Selena Li | ) www.reuters.com time to read: +4 min

China's benchmark share index (.CSI300) fell 0.16% on Thursday, with the real estate sub-index (.CSI931775) retrieved earlier losses to gain 2.11%. Chinese government advisers will recommend to an annual policymakers' meeting that economic growth targets for next year be set at 4.5% to 5.5%, Reuters reported on Wednesday. Markets have generally been buoyant this month, with stocks rallying on expectations of a more benign interest rate backdrop. The next set of forward-looking flash November PMIs will help investors to assess recession risks and how quickly rate cuts might begin. The minutes of the European Central Bank's October meeting and flash PMIs for a host of European countries are Thursday's highlights.

Persons: Tyrone Siu, shrugged, Redmond Wong, Brent, Sterling, Jeremy Hunt, Changpeng Zhao, Bitcoin, Selena Li, Edmund Klamann, Stephen Coates Organizations: REUTERS, Bloomberg, Garden Holdings, HK, Reuters, U.S, The, Federal Reserve, Saxo Markets, Nikkei, Nasdaq, European Central, PMI, OPEC, FTSE, UK Finance, Thomson Locations: Exchange, Hong Kong, China, HONG KONG, Asia, Pacific, Japan, United States, The U.S, Greater China, Australia, Britain, U.S

☆ Asia stocks hold recent gains as confidence grows on rate outlook
▼ + stars: | 2023-11-23 | by ( Selena Li | ) www.reuters.com time to read: +4 min

Investors are also looking to Chinese policymakers for clues on possible support for the long-suffering property market, in line with broader growth targets they are hammering out. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) edged down 0.11% in thin trading, with Japan and the United States on holiday. Chinese government advisers will recommend to an annual policymakers' meeting that economic growth targets for next year be set at 4.5% to 5.5%, Reuters reported on Wednesday. Markets have generally been buoyant this month, with stocks rallying on expectations of a more benign interest rate backdrop. The next set of forward-looking flash November PMIs will help investors to assess recession risks and how quickly rate cuts might begin.

Persons: Tyrone Siu, shrugged, Redmond Wong, Brent, Sterling, Jeremy Hunt, Changpeng Zhao, Selena Li, Edmund Klamann Organizations: REUTERS, Federal Reserve, Saxo Markets, Nikkei, Reuters, Nasdaq, OPEC, FTSE, UK Finance, Thomson Locations: Exchange, Hong Kong, China, HONG KONG, Asia, Pacific, Japan, United States, U.S, Greater China, Australia, Britain

☆ Altman hiring is a major win for Microsoft, should drive further gains for stock, analysts say
▼ + stars: | 2023-11-20 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

But even as the story continues unfolding, analysts already view Microsoft as well positioned coming out of the latest Silicon Valley spectacle. Ives, who reiterated his outperform rating and $425 price target for Microsoft, said the OpenAI board was "kids poker table and thought they won." "We view Microsoft now even in a STRONGER position from an AI perspective with Altman and Brockman at MSFT running AI," Ives wrote to clients Monday morning. Ives' price target is higher than the consensus on Wall Street of $403, according to LSEG, implying upside of slightly more than 9%. Materne has an outperform rating on the stock and a $432 price target.

Persons: Sam Altman, —, Altman, MSFT, Dan Ives, Ives, Satya Nadella, Greg Brockman, Brockman, outperforming, Oppenheimer, Timothy Horan, Bing, Horan, ISI's Kirk Materne, Materne, Michael Bloom Organizations: Microsoft, Nasdaq Locations: OpenAI, Redmond, Wash

☆ T-Mobile sued after employee stole nude images from customer phone during trade-in
▼ + stars: | 2023-11-17 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

"Nevertheless, T-Mobile has failed to implement any common-sense security hardware or software to protect consumers from their data and privacy being exploited during ordinary transactions at the T-Mobile store." "Anxious and concerned, Jane hastily returned to the T-Mobile store with her mother to speak to the store manager," the lawsuit states. "During this time, while Jane was seeking assistance at the T-Mobile store, the unauthorized person continued to log into her social media accounts on the iPhone XS Max." "T-Mobile has big incentive programs to induce customers to upgrade their devices and turn in their old ones. But the ugly truth is that T-Mobile knows that employees sometimes steal customers' most intimate images and videos from the old devices they relinquish," Goldberg added.

Persons: Mobile didn't, Jane Doe, Max, Jane, Carrie Goldberg, Laura Hecht, Felella, Goldberg, Emma Aubrey Organizations: Mobile, Columbia, Redmond Law, CNBC Locations: Washington, United States, Seattle, York, Redmond

☆ Microsoft announces custom AI chip that could compete with Nvidia
▼ + stars: | 2023-11-15 | by ( Jordan Novet | ) www.cnbc.com time to read: +5 min

A custom-built rack for the Maia 100 AI Accelerator and its "sidekick" inside a thermal chamber at a Microsoft lab in Redmond, Washington. The first, its Maia 100 artificial intelligence chip, could compete with Nvidia's highly sought-after AI graphics processing units. In addition to designing the Maia chip, Microsoft has devised custom liquid-cooled hardware called Sidekicks that fit in racks right next to racks containing Maia servers. Moving from GPUs to AWS Trainium AI chips can be more complicated than migrating from Intel Xeons to Gravitons, though. WATCH: Nvidia notches tenth straight day of gains, driven by new AI chip announcement

Persons: Maia, Nvidia's, Rani Borkar, Borkar, OpenAI, OpenAI's, We've, they've, Colette Kress, Steve Tuck, Tuck, Graviton, Dave Brown, Brown Organizations: Microsoft, Intel, Google, CNBC, Amazon, Services, Nvidia, AMD, Computer, Companies, SQL, AWS Locations: Redmond , Washington, Seattle, New York, Gravitons

☆ Time to invest in China? The pros weigh in on what sectors and stocks to play right now
▼ + stars: | 2023-11-15 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +5 min

Chinese stocks too have done poorly. 'High confidence in the tradable value' While the Chinese economy "is not very strong," Wong has "high confidence in the tradable value," of Chinese stocks. Stocks to play Goldman is overweight on several sectors including online retail, media/entertainment, tech hardware, health care equipment and services and food & beverage. Other stocks the investment bank sees outperforming "as the China growth story evolves" include internet services provider NetEase , technology hardware manufacturer Xiaomi , and manufacturing conglomerate BYD . China-focused ETFs Elsewhere, Saxo's Wong has his eye on the new infrastructure (such as 5G technology), industrial technology and agricultural technology themes.

Persons: Redmond Wong, Wong, Goldman Sachs, Stocks, Goldman, Saxo's Wong, — CNBC's Michael Bloom, Clement Tan Organizations: Shenzhen Component, Saxo, CNBC, National Bureau of Statistics, Tech, Baidu, Galaxy Entertainment, Mining, China Resources Beer, Miniso, Hong Kong Exchange, CSI Agriculture, CSI 5G Communications, CSI Technology, Enterprises Locations: Shenzhen, China, Taiwan, India, South Korea, Brazil, Mexico

☆ Microsoft introduces its own chips for AI, with eye on cost
▼ + stars: | 2023-11-15 | by ( Stephen Nellis | ) www.reuters.com time to read: +4 min

Microsoft said it does not plan to sell the chips but instead will use them to power its own subscription software offerings and as part of its Azure cloud computing service. Microsoft and other tech giants such as Alphabet are grappling with the high cost of delivering AI services, which can be 10 times greater than for traditional services such as search engines. The Maia chip, they said, is optimized for that work. Microsoft also said that next year it will offer its Azure customers cloud services that run on the newest flagship chips from Nvidia (NVDA.O) and Advanced Micro Devices. He said the Maia chip would allow Microsoft to sell AI services in the cloud until personal computers and phones are powerful enough to handle them.

Persons: Maia, OpenAI, Scott Guthrie, Ben Bajarin, Bajarin, Microsoft's Guthrie, Guthrie, Rani Borkar, Borkar, Stephen Nellis, Edmund Klamann Organizations: Reuters, Microsoft, REUTERS Acquire, Wednesday, Ignite, Nvidia, Devices, Amazon Web Services, Arm Holdings, Amazon, Taiwan Semiconductor Manufacturing, Thomson Locations: Redmond , Washington, Seattle, San Francisco

☆ Some fund managers see merit in China's deeply discounted stocks
▼ + stars: | 2023-11-14 | by ( Summer Zhen | ) www.reuters.com time to read: +5 min

U.S. asset manager Fidelity International is highlighting China's looser monetary policy and the government's recent 1 trillion yuan ($137.10 billion) borrowing-and-spending sovereign bond plan as a tailwind for the country's stock markets. London-based £3 billion fund manager Somerset Capital Management likewise finds China exciting. The stock market has yet to recover, but has stabilised. Morgan Stanley estimates long-only foreign investors now have their deepest underweight positions in China and Hong Kong equities in years. Chinese stocks could see a short-term sentiment pick-up given foreign funds have such light positions in the market, said Redmond Wong, Greater China market strategist at Saxo Markets.

Persons: Dado Ruvic, ”, Marty Dropkin, Mark Williams, Morgan Stanley, Patrick Ghali, Sean Ho, Vivek Tanneeru, Redmond Wong, Summer Zhen, Xie Yu, Vidya Ranganathan, Kim Coghill Organizations: REUTERS, Fidelity, Asia Pacific, Fidelity International . London, Somerset Capital Management, Nasdaq, Japan’s Nikkei, Sussex Partners, Hong, China, Hang Seng Tech, Monetary Fund, Cambridge Associates, Capital, “, Triata, Matthews Asia, Saxo Markets, Thomson Locations: HONG KONG, China, U.S, Asia, Hong Kong, London, Boston, San Francisco, Greater China

Trautman purchased a 53-foot sailboat called the SV Delos for $398,000 with a $81,000 down payment. WE SailSince he started traveling the world by boat, Trautman has visited over 45 countries and has racked up 70,000 ocean miles. When Sierra turned four months old, the now family of three returned to life on the sailboat. To stay connected with their family members on land, Trautman says they have their loved ones visit them when they are docked. The couple stays connected to their family online and by planning trips to places they're docked.

Persons: Brian Trautman, Trautman, maxed, Karin, Sierra Organizations: Microsoft, CNBC, SV Delos, YouTube, Sailing SV Delos, WE Locations: Redmond , Washington, Bellingham , Washington, New Zealand, Polynesia, Sweden, Caribbean, Philippines, they're

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