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The company reported quarterly net income of $22.29 billion, or $2.99 per share, which beat Wall Street expectations. The Redmond, Washington-based software maker posted revenue of $56.52 billion in the quarter, up 13% from last year, also beating expectations. Analysts polled by FactSet Research expected Microsoft to earn $2.65 per share on revenue of $54.52 billion. Analysts are currently projecting Microsoft will produce revenue of $58.67 billion for the October-December quarter. Its productivity business segment, which includes its Office suite of email and other workplace products, grew 13% to $18.59 billion for the quarter.

Persons: REDMOND, Satya Nadella Organizations: Microsoft, FactSet Research, Windows, Activision, Microsoft Corp Locations: Wash, Redmond, Washington, California

☆ Microsoft profit pops 27% as Azure growth accelerates
▼ + stars: | 2023-10-24 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Microsoft Microsoft shares jumped as much as 5% in extended trading on Tuesday after the software maker issued fiscal first-quarter results that beat Wall Street estimates. Here's how the company did:Earnings: $2.99 per share, vs. $2.65 per share as expected by LSEG, formerly known as Refinitiv. Microsoft doesn't disclose Azure revenue in dollars. At constant currency, Azure revenue rose 28%, accelerating from 27% in the fiscal fourth quarter. That was up 3% and higher than the $12.85 billion StreetAccount consensus.

Persons: Satya Nadella, StreetAccount Organizations: Microsoft, Washington , D.C, Microsoft Microsoft, Wall, LSEG, Revenue, CNBC, Bing Locations: Washington ,

☆ Stocks making the biggest moves after hours: Microsoft, Alphabet, Snap and more
▼ + stars: | 2023-10-24 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Microsoft — Shares jumped more than 3% after the maker of Windows software and Xbox video games reported fiscal first-quarter results that topped analysts' estimates. Meanwhile, analysts had forecast EPS of $2.65 on $54.50 billion in revenue, according to LSEG, formerly known as Refinitiv. Alphabet — The Google and YouTube parent fell 5% despite beating analysts' estimates on both top and bottom lines in the third quarter. Stride reported 11 cents in earnings per share, while analysts had estimated a loss of 37 cents per share, according to FactSet. Revenue also topped estimates, coming in at $480.2 million, compared to analysts' estimates of $425.2 million.

Persons: LSEG, Evan Spiegel, Stride Organizations: Microsoft —, Microsoft, Google, YouTube, StreetAccount, Visa, Texas, Revenue, Education Locations: Israel, FactSet

We'll show you where to watch UFC 294 live stream no matter where you are and detail the latest UFC 294 PPV prices. If you plan to watch live, you'll want to set an early alarm, as UFC 294 has a 10 a.m. We'll also guide you step-by-step on how to use a VPN to watch UFC 294, no matter where you are. ET / 7 p.m. BST / 5 a.m. AEDT (Sun)How to watch UFC 294 in the USUS viewers can watch the main event of UFC 294 on ESPN Plus this afternoon at 2 p.m. How to watch UFC 294 everywhere elseIf you're not in the US, you still have a few options to watch UFC 294.

Persons: Kamura Usman, Charles Oliveira, Kamaru Usman, Paulo Costo, Chimaev, today's, Alexander Volkanovski, We'll, McGregor, ExpressVPN, Makhachev, Khamzat Chimaev, Magomed Ankalaev, Johnny Walker, Ikram, Warlley Alves, Said Nurmagomedov, Muin Gafurov, Prelims, Tim Elliott, Muhammad Mokaev, Mohammad Yahya, Trevor Peek, Javid Basharat, Victor Henry, Abu Azaitar, Sedriques Dumas, Mike Breeden, Anshul Jubli, Nathaniel Wood, Muhammad Naimov, Viktoriia, Jinh Yu Frey, Women's, Shara Magomedov, Bruno Silva Organizations: UFC, Brazilian, Etihad Arena, ESPN Plus, ESPN, TNT Sports, Amazon, Apple, PlayStation, Samsung, BT, BT Sport, You'll, LG Locations: Abu Dhabi, Canada, Australia, New Zealand, Germany, Italy, Spain, Poland, Switzerland, Asia, Africa, Brazil

☆ After blockbuster Microsoft deal, gaming giants are still sitting on $45 billion cash hoard
▼ + stars: | 2023-10-20 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Public gaming companies currently hold cash and cash equivalents of $45.1 billion, according to a report from venture capital firm Konvoy. Publicly listed gaming companies had a fairly rosy year in 2023, on the whole. The VanEck Video Gaming and eSports ETF , which seeks to track MVIS Global Video Gaming & eSports Index, has climbed 20% in the year to date, according to Konvoy. Total venture funding into the video games industry in the third quarter of 2023 fell 9% quarter-over-quarter, to $454 million. That was when pandemic lockdowns were in full swing, and people had more time to spend playing video games indoors.

Persons: China's NetEase, hasn't, China's Tencent, Josh Chapman, Redmond, Chapman, Candy Crush, Konvoy's Chapman Organizations: Chesno Publicly, CNBC, Activision Blizzard, Electronic Arts, Nintendo, Bandai Namco, Public, Gaming, Esports, Big Tech, Microsoft, Google, Apple, Meta, Netflix, Sony, Activision, U.S, U.K, Markets Authority, Duty, Bandai Namco Entertainment Locations: Konvoy, Washington

Learn moreSamsung's new S90C 4K OLED TV sits a step below the company's latest flagship model, and is designed to take on other value-forward OLEDs like LG's C3. Samsung S90C 65-inch 4K OLED TV The S90C is the successor to our favorite TV of 2022, the Samsung S95B. As for other home theater features, you'll get just about everything you'll need, with the exception of Dolby Vision. Ryan Waniata/InsiderDefinitely, Samsung's S90C is one of the best OLED TVs we've seen. And if you're still looking for more TV recommendations, check out our guides to the best 4K TV and best 65-inch TV.

Persons: you've, Ryan Waniata, brawn, priciest, it's, You'll, It's, Bixby, we've, we'd, you'll, OLED there's Organizations: Samsung, LG, Sony, Samsung's, Gaming, Nvidia, Dolby Vision, Vision, Dolby, Netflix, Disney, HDMI, Smart

☆ Meet Microsoft games chief Phil Spencer, who helped drive $69 billion Activision deal
▼ + stars: | 2023-10-17 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

When Phil Spencer took the helm of Microsoft's gaming division in 2014, he and newly appointed CEO Satya Nadella weren't sure if the company should keep investing in the Xbox, which was losing to Sony. Less than a decade later, Spencer and the Xbox are at the center of the software company's largest acquisition ever. Coyner, who left Microsoft in 2018, said he's confident that smart people at the company can explain the high price. He told an interviewer from gaming website Shacknews in 2020 that he only got to become head of Microsoft's gaming division because so many other people had left, and he was still there. In the most recent fiscal year, gaming revenue was $15.5 billion, accounting for 7.3% of total Microsoft sales.

Persons: Phil Spencer, Satya Nadella weren't, Spencer, Don Coyner, it's Organizations: Sony, Activision, Microsoft, European Commission, Federal Trade, FTC, Nintendo Locations: U.S, San Francisco

☆ Goldman Sachs says this global tech stock will soar as 'gaming-as-a-service' takes off
▼ + stars: | 2023-10-16 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Investors seeking exposure to Japan's growing gaming industry should look at technology and entertainment behemoth Sony , according to Goldman Sachs. Goldman expects shares of Sony Group Corporation to rise by 25% to 16,000 yen ($107) over the next 12 months. In addition, Goldman Sachs said there was significant growth potential for Crunchyroll, Sony's anime streaming service based in California, which it acquired in 2017. "Our team estimates that overseas markets will account for 80% of Japanese anime sales by 2036," the bank's report said. As earnings contributions from Crunchyroll and GaaS titles become more apparent starting in fiscal year 2025, Goldman Sachs sees an increase in consensus earnings estimates and valuation multiples.

Persons: Goldman Sachs, FactSet Organizations: Sony, Bungie, Goldman, Sony Group Corporation, New York Stock Exchange, SONY, Microsoft, Activision Blizzard Locations: Tokyo, California

☆ You can advocate for yourself in labor, and a nurse shares how
▼ + stars: | 2023-10-16 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +9 min

Things can change quickly when delivering a baby, and the experience could start to look different from what you expected, said North Carolina-based labor and delivery nurse Jen Hamilton. I think that people don’t know that at any point we can stop. I have a lot of patients who come in who are terrified, and they don’t know what questions to ask. Meaning that it’s A-OK if somebody comes into the hospital and they really don’t know what they’re going to want. Sometimes they get into labor and realize that that is not what is going to be a positive birth experience for them.

Persons: Jen Hamilton, Hamilton, we’re, doesn’t, There’s, …, don’t, there’s, you’re, I’ve, “, ” Organizations: CNN, Hamilton Locations: North Carolina, Hamilton

The deal was the biggest test of the CMA's global power to take on the tech giants since Britain left the European Union. "The new deal will stop Microsoft from locking up competition in cloud gaming as this market takes off, preserving competitive prices and services for UK cloud gaming customers," it said in a statement. Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard's games characters in this illustration taken January 18, 2022. Activision Blizzard said: "The CMA's official approval is great news for our future with Microsoft, and we look forward to becoming part of the Xbox Team." The European Commission said the new commitments given by Microsoft to the CMA did not interfere with its EU commitments.

Persons: Dado Ruvic, Jeremy Hunt, Sarah Cardell, Ben Barringer, Brad Smith, Activision Blizzard, Paul Sandle, Yadarisa Shabong, Aditya Soni, Foo Yun Chee, Varun H, Kate Holton, Sonali Paul, Jane Merriman, Sherry Jacob, Phillips Organizations: CMA, Microsoft, LONDON, Activision Blizzard, Sony, Activision, Competition, Markets Authority, Ubisoft Entertainment, Britain, European Union, PlayStation, U.S . Federal Trade Commission, FTC, REUTERS, British, Finance, Xbox, European Commission, Thomson Locations: Britain, Cheviot, London, Bengaluru, Foo

Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard's games characters in this illustration taken January 18, 2022. The deal was blocked in April by the Competition and Markets Authority (CMA) which said it could give the U.S. computing giant a stranglehold over the nascent cloud gaming market. The deal was the biggest test of the CMA's global power to take on the tech giants since Britain left the European Union. "The new deal will stop Microsoft from locking up competition in cloud gaming as this market takes off, preserving competitive prices and services for UK cloud gaming customers," it said in a statement. The U.S. Federal Trade Commission opposed the deal but after failing to stop it, the CMA was left standing alone.

Persons: Dado Ruvic, Jeremy Hunt, Sarah Cardell, Ben Barringer, Brad Smith, Activision Blizzard, Paul Sandle, Yadarisa, Foo Yun Chee, Varun H, Kate Holton, Sonali Paul, Jane Merriman Organizations: Microsoft, Activision, REUTERS, CMA, LONDON, Activision Blizzard, Competition, Markets Authority, Ubisoft Entertainment, Britain, European Union, PlayStation, Sony, U.S . Federal Trade Commission, FTC, British, Finance, Xbox, European Commission, Thomson Locations: Britain, Cheviot, London, Bengaluru, Foo

Plus, it will be “productive for the gaming industry as a whole and healthy for competition in the gaming market,” he said. In the meantime, the U.K. regulator was the last major obstacle to the transaction going through. British regulators had initially blocked the transaction over concerns Microsoft could withhold Activision titles from the cloud gaming market. One factor was the EU’s approval, granted after Microsoft promised to automatically license Activision titles royalty-free to cloud gaming platforms. But the CMA's flip-flopping makes the U.K. regulator look “weak and indecisive,” he said.

Persons: Activision Blizzard, Candy, Overwatch —, Brad Smith, Bobby Kotick, Joshua Chapman, ”, Sarah Cardell, Max von Thun, ” von Thun, Matt O’Brien Organizations: —, Activision, Markets, Microsoft, Xbox, Union, Sony, U.S . Federal Trade Commission, FTC, Ubisoft Entertainment, U.K, PlayStation, European Commission, Open Markets, CMA, AP Locations: Konvoy, U.K, Europe, Providence , Rhode Island

Signage is seen at the Federal Trade Commission headquarters in Washington, D.C., U.S., August 29, 2020. In the United States, the U.S. Federal Trade Commission (FTC) has also fought the deal, and has an argument scheduled before an appeals court on Dec. 6. The agency said on Friday that it remained focused on that appeal. "The FTC continues to believe this deal is a threat to competition." Reporting by Diane Bartz; Editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Victoria Graham, Diane Bartz, Susan Fenton Organizations: Federal Trade Commission, Washington , D.C, REUTERS, Rights, U.S . Federal Trade Commission, Activision, Ubisoft, Ubisoft Entertainment, Microsoft, Thomson Locations: Washington ,, Britain, United States

☆ How finally closing its Activision purchase will diversify Microsoft's revenue streams
▼ + stars: | 2023-10-13 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

Microsoft (MSFT) closed its landmark acquisition of Activision Blizzard (ATVI), according to a company regulatory filing Friday, furthering the Big Tech name's video game ambitions. However, this biggest video game deal ever was completed despite the Federal Trade Commission's (FTC) ongoing fight to block it. Activision reported $7.5 billion in revenue for the 2022 fiscal year, in comparison to Microsoft's $212 billion in sales for the same period. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Microsoft submitted a new proposal to U.K. regulators for the takeover of American game publisher Activision Blizzard after its initial proposal was rejected.

Persons: Victoria Graham, Jim Cramer, Jim, Tony Hawk, Jim Cramer's Organizations: Microsoft, Activision Blizzard, Big Tech, Activision, pushback, Markets, CMA, Ubisoft, Federal Trade Commission's, CNBC, FTC, Xbox, Nurphoto, Getty Locations: U.S, OpenAI

☆ Microsoft-Activision Blizzard takeover approved as UK removes final hurdle
▼ + stars: | 2023-10-13 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —UK antitrust officials have approved Microsoft’s planned takeover of Activision Blizzard, the maker of “Call of Duty” and other hit games, greenlighting one of the biggest tech deals of all time. The Competition and Markets Authority announced Friday that the merger had been cleared after the companies agreed to give up certain cloud gaming rights, removing the final regulatory hurdle to the deal closing. Microsoft (MSFT) unveiled the deal in early 2022, but it was blocked in April by the UK competition regulator. “The new deal will stop Microsoft from locking up competition in cloud gaming,” the agency said Friday. Alongside “Call of Duty,” it also produces “World of Warcraft” and “Overwatch.”Microsoft, which sells the Xbox gaming console, offers a popular video game subscription service called Xbox Game Pass, as well as a cloud-based video game streaming service.

Persons: “, Tencent, Brad Smith, “ we’re, ” Organizations: Hong Kong CNN —, Activision Blizzard, Markets Authority, CMA, Microsoft, Activision, European Union, Ubisoft Entertainment, Sony, Twitter Locations: Hong Kong

☆ Microsoft's $69 billion Activision Blizzard takeover approved by UK, clearing way for deal to close
▼ + stars: | 2023-10-13 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

The Competition and Markets Authority said it had cleared the deal for Microsoft to buy Activision but without cloud gaming rights. Microsoft offered a spate of concessions, which centered around divesting the cloud rights of Activision games to French game publisher Ubisoft Entertainment. The U.K.'s regulatory U-turnRegulators globally were concerned that the takeover would reduce competition in the gaming market, in particular around cloud gaming. Meanwhile, in the U.S., the Federal Trade Commission was fighting a legal battle with Microsoft in an effort to get the Activision takeover scrapped. "As cloud gaming grows, this intervention will ensure people get more competitive prices, better services and more choice.

Persons: Dado Ruvic, we've, Sarah Cardell, Cardell Organizations: Activision, Markets Authority, Microsoft, CMA, Ubisoft Entertainment, Ubisoft, Netflix, Reuters, Authorities, European Union, EU, Federal Trade Commission, Activision PC Locations: U.S, Europe, U.K

Microsoft, which owns the Xbox gaming system, closed its $69 billion deal to buy game-maker Activision Blizzard on Friday after fending off global opposition from antitrust regulators and rivals. It marks a career-defining moment for Spencer, who first joined Microsoft as an intern in 1988 and has helmed Xbox since 2014. When the companies announced a planned merger in January 2022, Microsoft CEO Satya Nadella made clear it would be "critical for Activision Blizzard to drive forward” on its commitments to improve its workplace culture. As of late last year, Activision Blizzard had 13,000 employees, about 72% in North America, according to a regulatory filing. “It is a new day for workers at Activision Blizzard,” said CWA President Claude Cummings Jr. in a statement Friday.

Persons: Phil Spencer, Spencer, “, ”, Gil Luria, Davidson, he’s, Bobby Kotick, who's, Kotick, Satya Nadella, Joe Biden's, ” Luria, George Jijiashvili, Elder, ” Jijiashvili, Claude Cummings Jr, ” Cummings Organizations: Activision Blizzard, Microsoft, Activision, PlayStation, Sony, U.S . Federal Trade, ZeniMax Media, Bethesda Softworks, Communications Workers of America Locations: Southern California, U.S, United Kingdom, San Francisco, Bethesda, North America, Canada

☆ CI Games shares drop on critical reviews of 'Lords of the Fallen'
▼ + stars: | 2023-10-13 | by ( Adrianna Ebert | ) www.reuters.com time to read: +2 min

SummaryCompanies CI Games shares extend losses to hit six month lowLosses follow some critical reviews of 'Lords of the Fallen'Critical reviews may affect sales - analystGDANSK, Oct 13 (Reuters) - Shares in Polish video game producer CI Games (CIG.WA) dropped as much as 18% to a six month low on Friday, adding to heavy losses the day before, following some critical reviews of its newest game "Lords of the Fallen". At 0844 GMT, CI Games shares were down 13.6% at 3.89 zlotys. The game release for PC and PlayStation 5 is set for Friday. CI Games' most popular game series is "Sniper Ghost Warrior", which has sold over 13 million copies. The first version of "Lords of the Fallen", released in 2014, sold over three million copies.

Persons: Piotr Bogusz, Bogusz, Adrianna Ebert, Sharon Singleton, Mark Potter Organizations: Games, IGN, Erste Group, Steam, CI Games, Thomson Locations: GDANSK

☆ Microsoft could buy Activision Blizzard by the end of the week. Here's what that means for 'Call of Duty.'
▼ + stars: | 2023-10-08 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +2 min

Activision President Rob Kostich said he thinks the deal will make "Call of Duty" better. "This deal is good for the industry," Kostich told Games Beat. AdvertisementAdvertisementActivision Blizzard's president thinks that Microsoft could make the "Call of Duty" franchise even better. The UK Competition and Markets Authority previously blocked Microsoft's attempts to buy Activision Blizzard, causing Microsoft to reorganize the deal. "As we've said previously, this deal is good for the industry and will bring more games to more players," Kostich told Games Beat.

Persons: Rob Kostich, Kostich, —, we've, Activision Blizzard Organizations: Microsoft, Activision Blizzard, Activision, Service, Markets, Ubisoft, Cloud Gaming, Sunday

☆ Microsoft looks to close Activision deal next week - The Verge
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard logo in this illustration taken January 18, 2022. REUTERS/Dado Ruvic/Illustration/file Photo Acquire Licensing RightsOct 6 (Reuters) - Microsoft (MSFT.O) is aiming to close its $69 billion deal for "Call of Duty" publisher Activision Blizzard (ATVI.O) on Oct. 13 if it gets approval from Britain's antitrust regulator, the Verge reported on Friday, citing a source. The Xbox maker had in July extended the cutoff date for the deal to Oct. 18 to get more time to secure approval from the UK. Microsoft won preliminary approval from the Competition and Markets Authority last month after Activision agreed to sell its streaming rights to Ubisoft Entertainment (UBIP.PA). Reporting by Zaheer Kachwala in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Activision Blizzard, Microsoft's, Zaheer Kachwala, Arun Koyyur Organizations: Microsoft, Activision, REUTERS, Competition, Markets, Ubisoft Entertainment, Thomson Locations: Bengaluru

☆ Record online discounts are coming this holiday season
▼ + stars: | 2023-10-05 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

And the company predicts the strategy will work, with online holiday sales climbing almost 5% above last year. Retailers are poised to offer up to 35% off listed prices this holiday season, with the deepest discounts applied to toys, electronics and apparel, Adobe said in its annual holiday forecast. Buy Now, Pay Later is expected to drive a record $17 billion in online spending this holiday season, up 17% from 2022, Adobe said. Americans are also doing more and more holiday shopping (and shopping in general) on smartphones and tablets. That means Adobe’s 2023 holiday shopping forecast for solid sales growth would signal a genuine increase in demand from consumers.

Persons: they’re Organizations: New York CNN Business —, Adobe Analytics, Retailers, Adobe, PlayStation, Madden NFL, Amazon, PayPal, Commerce Department

In our view, the companies in the regulators' sights — Alphabet 's (GOOGL) Google, Amazon (AMZN) and Microsoft (MSFT) — are not engaged in anti-competitive behavior. In January, the DOJ filed a second, separate antitrust lawsuit against Alphabet in the U.S. District Court for the Eastern District of Virginia. MSFT YTD mountain Microsoft YTD U.K. regulators have also hounded the Big Tech name, aiming to block Microsoft's acquisition of Activision over cloud gaming concerns. In a showdown years in the making, the FTC last month filed a highly-anticipated antitrust lawsuit against e-commerce giant Amazon. The logos of Google, Apple, Facebook, Amazon and Microsoft displayed on a mobile phone and a laptop screen.

Persons: Satya Nadella, —, Nadella, Bing, Jim Cramer, Activision Blizzard, ChatGPT, Morgan Stanley, Joe Biden, Lina Khan, Khan, Jim, Jim Cramer's, Justin Tallis Organizations: Big Tech, Google, Microsoft, Washington D.C, Justice, District of Columbia, DOJ, Eastern, of, Activision, Federal Trade Commission, FTC, Ubisoft, U.K, Markets Authority, Yale Law, Amazon, CNBC, Apple, Facebook, Getty Locations: Washington, U.S, of Virginia, Virginia, Amazon

☆ Atari 2600+ sees its future in retro gaming — and maybe in a handheld too
▼ + stars: | 2023-09-30 | by ( Michael Nam | ) edition.cnn.com time to read: +4 min

CNN —The Atari home video game system took the late1970s and early 1980s by storm, complete with faux wood paneling and a classic joystick with a big red button. Centipede - Atari 2600 VCS Videogame ArcadeImages/Alamy Stock PhotoWith Rosen at the helm, the company is taking a closer look at its own history to chart its future, releasing remastered or reimagined versions of its classics like “Missile Command” and “Centipede,” producing the critically acclaimed “Atari 50” interactive documentary, and introducing its soon-to-be released retro console the Atari 2600+. They’re radically different things.”The retro console arrives in November at a $130 price point and in a more compact version. While it comes packaged with 10 games in a single cartridge, the console will also play new titles and work with original Atari 2600 and 7800 game cartridges. Atari is reimagining the classic "Haunted House" video game.

Persons: Wade Rosen, Rosen, ” Rosen, “, They’re, ”, Tengku Bahar, there’d, It’s Organizations: CNN, Atari, “, Command, Getty, Nightdive Studios, Nintendo, PlayStation Locations: Hong Kong, AFP

☆ AMD's stock pops after Microsoft tech chief touts chipmaker's AI products
▼ + stars: | 2023-09-28 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Shares of AMD rose almost 5% Thursday, a day after Microsoft's technology chief said the chipmaker is bolstering its position in artificial intelligence, where Nvidia dominates. For years, Microsoft has offered some AMD GPUs to its Azure cloud customers, in addition to powering some of its computers and its Xbox consoles with AMD chips. In May, AMD said Microsoft had started offering a cloud networking service to clients, drawing on the chipmaker's Pensando products. Bloomberg reported in May that AMD was working with Microsoft on a custom AI chip, but Scott declined to say if that's actually happening. Microsoft's cloud rivals Amazon and Google have developed homegrown silicon.

Persons: chatbot, Kevin Scott, Nilay Patel, Scott, Lisa Su, Bryn Organizations: AMD, Nvidia, Microsoft, Bloomberg, Google Locations: Dana Point , California

☆ Netflix is ending its subscriber-based DVD rental service
▼ + stars: | 2023-09-28 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +5 min

Introduced in 1998 when Netflix first launched, the DVD service promised an easier rental experience than having to drive to the nearest Blockbuster or Hollywood Video. McEvoy has remained faithful to Netflix’s DVD service so he can keep watching Bollywood and obscure independent films not often found on streaming services. Bill Rouhana, the CEO of Chicken Soup for the Soul Entertainment – which owns DVD rental service Redbox – told The Hollywood Reporter in April he hoped to purchase Netflix’s DVD business. Still, he said, he’s “sad” to see Netflix’s DVD service depart. “I absolutely would not have been able to find all of those movies [I’ve watched] if not for the Netflix DVD service,” he said.

Persons: Colin McEvoy, McEvoy, ”, “, who’ve, Brandon Cordy, Michael Inouye, Ted Sarandos, Netflix’s, Eric Schmitt, ” Cordy, Bill Rouhana, Redbox –, he’s, Viki Organizations: CNN, Netflix, Blockbuster, Hollywood, ABI Research, Gartner Research, Soul Entertainment, Disney Locations: Bethlehem , Pennsylvania, Atlanta

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