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☆ Elon Musk’s Quixotic Quest to Turn X Into an ‘Everything App’
▼ + stars: | 2023-07-27 | by ( Ryan Mac | More About Ryan Mac | ) www.nytimes.com time to read: +1 min

Four years ago, a billionaire tech executive leading one of the world’s pre-eminent social platforms laid out a vision to transform it into an app that could do it all. The idea was akin to that of an “everything app” espoused recently by Elon Musk, the owner of Twitter. But the dream belonged to Mark Zuckerberg, the founder and chief executive of Meta, which owns Facebook, Instagram and WhatsApp. Mr. Zuckerberg tried it. So did Dara Khosrowshahi, the chief executive of Uber.

Persons: Elon Musk, Mark Zuckerberg, Zuckerberg, Dara Khosrowshahi, Uber, Evan Spiegel Organizations: Twitter, Meta, “ Locations: Silicon Valley, Asia, Japan’s, KakaoTalk .

☆ Alibaba's cloud unit brings Meta's AI model Llama to its clients
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +3 min

[1/2] 3D printed clouds and figurines are seen in front of the Alibaba Cloud service logo in this illustration taken February 8, 2022. “Today, Alibaba Cloud has launched the first training and deployment solution for the entire Llama2 series in China, welcoming all developers to create customised large models on Alibaba Cloud,” Alibaba Cloud said in a statement on Tuesday published on its WeChat account. The U.S. has been actively looking to restrict Chinese companies' access to many U.S.-developed technologies related to AI, particularly in the area of AI semiconductors. Alibaba Cloud did not respond to a request for comment. Alibaba and its peers such as Tencent Holdings (0700.HK) have been aggressively developing their own AI models in recent months.

Persons: Dado Ruvic, Meta, Llama2, Alibaba, Google's Bard, Josh Ye, Muralikumar Organizations: REUTERS, OpenAI, Google, Microsoft, “, Meta, Tencent Holdings, HK, Thomson Locations: HONG KONG, HK, China, U.S, Beijing

☆ Elon Musk's X rebrand reignites his goal to turn Twitter into an app like China's WeChat
▼ + stars: | 2023-07-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

In October, the billionaire said buying Twitter was an "accelerant to creating X, the everything app," without providing further details. Musk called WeChat 'great'Super apps refer to a type of app that allow users to carry out multiple functions without having to leave the app. The biggest super app in the world is called WeChat which is run by Chinese technology giant Tencent and has over 1.3 billion users. While China pioneered the super app, the idea has taken off in other parts of Asia. Musk has likely taken inspiration from WeChat, an app he called "great" last year.

Persons: Elon, Harun Ozalp, Elon Musk, China's WeChat, Musk, Linda Yaccarino, WeChat Organizations: HK, Anadolu Agency, Getty, Twitter, Google Locations: China, Asia, Singapore

☆ Meta's Llama 2 AI model is about to get a whole lot of use from Chinese companies, thanks to Alibaba
▼ + stars: | 2023-07-26 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Chinese businesses are about to get their hands on Meta's Llama 2 AI model. The free AI model will enter China at a time when US-China tensions over AI are rising. Meta's Llama 2 has a major new backer that is about to make its new and improved AI model available to a whole lot of Chinese companies: Alibaba. It's a move that is set to give Chinese businesses first-hand access to Meta's free AI model, Reuters reported. "Today, Alibaba Cloud has launched the first training and deployment solution for the entire Llama 2 series in China, welcoming all developers to create customized large models on Alibaba Cloud," Alibaba Cloud said in a statement on super app WeChat.

Persons: Meta, Marc Andreessen, Alibaba Organizations: Meta's, Reuters, China, Morning, Meta, Microsoft, Web Services, Silicon Locations: China, Silicon Valley, Washington, Beijing

☆ Twitter’s rebrand is the next stage in Elon Musk’s vision for the company. But does anyone want it?
▼ + stars: | 2023-07-25 | by ( Clare Duffy | ) edition.cnn.com time to read: +7 min

When Musk bought Twitter late last year, he laid out a vision for an “everything” app called X, where users could communicate, shop, consume entertainment and more. Musk — who bought Twitter with a company called X Corp. — tweeted on Sunday that X.com now redirects to Twitter. Musk even told followers that tweets should instead be called “x’s.”On Sunday, CEO Linda Yaccarino seemed to confirm Musk’s vision for the company. Elon Musk has officially rebranded Twitter as "X," as he seeks to turn the platform into an "everything" app. And until Musk rolls out significant changes to the platform, observers of the company say ditching Twitter’s well-known brand is a risky move.

Persons: New York CNN — Elon Musk’s, Musk, — Musk, “, —, It’s, ” Mike Proulx, Forrester, Proulx, ”, Linda Yaccarino, ” Yaccarino, Elon Musk, Jonathan Brady, Walter Isaacson, texted Isaacson, ” “, ” Musk, he’s, WeChat, Deloitte, Instagram, Joshua White Organizations: New, New York CNN, Twitter, PayPal, Musk —, X Corp, SpaceX, Facebook, Vanderbilt University Locations: New York, China, Arizona, Michigan

☆ Marketing expert slams Elon Musk's chaotic Twitter rebrand as 'completely irrational'
▼ + stars: | 2023-07-25 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Elon Musk is rebranding Twitter to X.Branding experts have been calling out the decision, warning the company risks losing value. Elon Musk is rebranding Twitter to X and some people are confused by the move. The loss of the Twitter brand is projected to knock off anywhere between $4 billion and $20 billion in company value, Bloomberg reported, citing analysts and brand agencies. Allen Adamson, cofounder of marketing and brand consulting group Metaforce, told Fortune the move was "completely irrational from a business and brand point of view." Musk has long discussed his plans to create an app called X.

Persons: Elon, Fortune, Allen Adamson, He's, China's WeChat, Musk Organizations: Marketing, Bloomberg, Twitter

☆ Meta’s Threads gets a highly requested ‘following feed’
▼ + stars: | 2023-07-25 | by ( Clare Duffy | ) edition.cnn.com time to read: +2 min

New York CNN —Meta on Tuesday launched a highly anticipated “following feed” option in its Threads app as part of its latest batch of updates that could help the new social platform further chip away at Twitter’s position in the market. The option to see a reverse chronological feed of posts from only accounts a user follows had been one of the most requested features since Threads launched earlier this month. Meta has been steadily rolling out updates to Threads as it tries to keep users engaged in the new app. Threads had a hugely successful launch, topping 100 million sign-ups in its first week, but engagement has declined somewhat since then. Meta’s ongoing work on Threads comes as the chaos at Twitter continues.

Persons: Mark Zuckerberg, “, Meta, they’ve, Elon Musk, ” Organizations: New, New York CNN, Meta, Twitter, ” Locations: New York

☆ Elon Musk's rebrand of Twitter to 'X' could get him in legal trouble with Mark Zuckerberg and Microsoft, experts say
▼ + stars: | 2023-07-25 | by ( Ashton Jackson | ) www.cnbc.com time to read: +5 min

Elon Musk's Twitter rebrand could land him in legal hot water with Meta CEO Mark Zuckerberg and others, experts say. On Sunday, Musk announced that he was getting rid of the Twitter brand and logo. Meta's trademark for a white-and-blue X relates to "social networking services in the fields of entertainment, gaming and application development." The announcement comes just weeks after the launch of Threads, a Meta-owned app seen by some as a "Twitter clone." X may be "powered by AI" in the future, as Yaccarino noted, but the first phase of Twitter's rebrand is simple for now.

Persons: Elon, Mark Zuckerberg, Musk, Linda Yaccarino, Josh Gerben, Stacy Wu, Wu, didn't, Yaccarino, Joe Biden, Kamala Harris, Biden, " Biden, adieu Organizations: Twitter, Meta, Microsoft, Reuters, CNBC, Google Locations: we're, New York, China

☆ Elon Musk says its X logo design, which was submitted by a fan, will be refined after some users mocked it
▼ + stars: | 2023-07-24 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Elon Musk is rebranding Twitter to X, but not everyone's pleased about it. The billionaire ditched the bird logo design and replaced it with a large art-deco style "X." The billionaire announced on Saturday he was ditching Twitter's bird logo and replacing it with a large "X." "I will start bawling If that logo turns emo and has an X on It," one user said, who shared a photo of Twitter's bird logo. Musk has previously spoken about his vision for X to be an all-encompassing "everything app" similar to the popular Chinese app WeChat.

Persons: Elon, Musk, Sawyer Merritt Organizations: Twitter

☆ Musk risks even more damage to Twitter's business as the messaging app changes name to X
▼ + stars: | 2023-07-24 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +5 min

Elon Musk announced that there will be a rebranding of Twitter soon, and speculation points to the implementation of X.Elon Musk has long been enamored with the letter X. Musk had already converted Twitter's corporate name to X Corp, which itself is a subsidiary of X Holding Corp, as revealed in an April court filing. Musk's desire to turn X into a super app requires "time, money and people," which Twitter "no longer has," said Proulx. "Twitter's rebrand is a reminder that Elon Musk, not Threads or any other app, is and has always been the most likely 'Twitter killer,'" Enberg wrote. WATCH: Elon Musk wouldn't be who he is without 'demon mode' and his drive.

Persons: Elon Musk, that's, China's, Mike Proulx, Musk, " Proulx, didn't, It's, X.com, adieu, Linda Yaccarino, Proulx, Ralph Schackart, William Blair, Jasmine Enberg, Enberg, Elon, wouldn't Organizations: Twitter, Forrester, X Corp, X Holding, SpaceX, PayPal, Facebook, Google, CNBC, Insider Intelligence

☆ People are comparing Elon Musk's rebranding of Twitter to X with a cringe pitch from Kendall Roy in 'Succession'
▼ + stars: | 2023-07-24 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Elon Musk announced Saturday that Twitter would be rebranding to X, replacing its bird logo and doing away with identifiable phrases like "tweet." Many Twitter users aren't totally on board with the move, resulting in CEO Linda Yaccarino's verbose statement being compared with a cringeworthy business pitch featured in "Succession." Kendall Roy, played by Jeremy Strong, describes it as "Substack meets Masterclass meets The Economist meets The New Yorker." Noah Shachtman, the editor-in-chief of Rolling Stone, quipped: "[Kendall Roy voice] It's, y'know, Venmo meets Clubhouse meets Ebay meets ChatGPT." "Enjoyable to imagine Kendall Roy saying this to investors," said another tweet, which has been seen 2 million times.

Persons: Elon Musk, Linda Yaccarino, Linda Yaccarino's, China's WeChat, It's, Roy, Kendall Roy, Jeremy Strong, Substack, Masterclass, Noah Shachtman, Rolling Stone, Bailey Carlin, Kendall, didn't Organizations: Rolling, Ebay, Twitter Locations: we're

And Twitter's cash flow has been negative as a result of that and its heavy debt load. Mike Proulx, research director at Forrester, said on Sunday that the move would further alienate Twitter's original, and once fiercely loyal, user base. The billionaire Musk said in a Sunday post he wanted to change Twitter's logo and polled his millions of followers whether they would favor changing the site's color scheme from blue to black. Twitter logo and a photo of Elon Musk are displayed through magnifier in this illustration taken October 27, 2022. In April, Twitter's legacy blue bird logo was temporarily replaced by Dogecoin's Shiba Inu dog, helping drive a surge in the cryptocurrency's market value.

Persons: Elon Musk, Mike Proulx, Forrester, Musk, Dado Ruvic, adieu, Linda Yaccarino, Twitter, Dogecoin's Shiba, Mrinmay Dey, Rishabh, William Mallard, Jan Harvey, Cynthia Osterman, Diane Craft Organizations: Twitter Inc, REUTERS, Twitter, X Corp, Thomson Locations: Bengaluru

"Interim X logo goes live later today," Musk said on Twitter adding that "X.com" would now redirect to Twitter's website. Musk's X Corp owns Twitter. The billionaire said in a Sunday post he wanted to change Twitter's logo and polled his millions of followers whether they would favor changing the site's color scheme from blue to black. Twitter logo and a photo of Elon Musk are displayed through magnifier in this illustration taken October 27, 2022. In April, Twitter's legacy blue bird logo was temporarily replaced by Dogecoin's Shiba Inu dog, helping drive a surge in the cryptocurrency's market value.

Persons: Elon Musk, Musk, Dado Ruvic, adieu, Musk's, Dogecoin's Shiba, Mrinmay Dey, Rishabh, William Mallard, Jan Harvey, Cynthia Osterman Organizations: Twitter Inc, Twitter, X Corp, REUTERS, Thomson Locations: Bengaluru

☆ Elon Musk says Twitter to change logo, adieu to 'all the birds'
▼ + stars: | 2023-07-23 | by ( ) www.reuters.com time to read: +2 min

July 23 (Reuters) - Elon Musk said on Sunday he was looking to change Twitter's logo, tweeting: "And soon we shall bid adieu to the twitter brand and, gradually, all the birds". ET (0406 GMT), the social media platform's billionaire owner added: "If a good enough X logo is posted tonight, we'll make (it) go live worldwide tomorrow." loadingMusk posted an image of a flickering "X", and later in a Twitter Spaces audio chat replied "Yes" when asked if the Twitter logo will change, adding that "it should have been done a long time ago". Twitter's website says its logo, depicting a blue bird, is "our most recognizable asset". Since Musk acquired it, the company has laid off more than half its workforce to cut costs.

Persons: Elon Musk, adieu, Dogecoin's Shiba, Musk, Rishabh, William Mallard, Jan Harvey Organizations: Twitter, X Corp, Thomson Locations: Bengaluru

☆ Elon Musk says he plans to boot the Twitter brand and 'bid adieu' to 'all the birds'
▼ + stars: | 2023-07-23 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Elon Musk said he's planning to change Twitter's logo and get rid of its bird character. Musk pinned a tweet with a graphic of a new "X" logo, meaning he may already have a replacement. Elon Musk indicated he's planning to scrap Twitter's logo – and has even started asking users for ideas for his new X app. "And soon we shall bid adieu to the twitter brand and, gradually, all the birds," Musk also tweeted. After Musk asked for suggestions, he continued to post prospective logos on his page, including retweeting the X.com logo Musk used for his online banking venture that was founded in 1999.

Persons: Elon Musk, Musk, adieu, He's, Tencent's Organizations: Morning, Twitter, Fidelity, Bloomberg, X Corp

☆ Adieu to ‘all the birds,’ Elon Musk says as he announces Twitter logo change
▼ + stars: | 2023-07-23 | by ( ) www.cnbc.com time to read: +1 min

Elon Musk said Sunday he was looking to change Twitter's logo, tweeting: "And soon we shall bid adieu to the twitter brand and, gradually, all the birds." In a post on the site at 12:06 a.m., the social media platform's billionaire owner added: "If a good enough X logo is posted tonight, we'll make (it) go live worldwide tomorrow." Musk posted an image of a flickering "X", and later in a Twitter Spaces audio chat replied "Yes" when asked if the Twitter logo will change, adding that "it should have been done a long time ago." Twitter's website says its logo, depicting a blue bird, is "our most recognizable asset." Since Musk acquired it, the company has laid off more than half its workforce to cut costs.

Persons: Elon Musk, adieu, Musk, Dogecoin's Shiba Organizations: Twitter, X Corp

Elon Musk said he was about to make one of the most visible changes to Twitter since he took control of the social media company last fall: replacing its widely recognized bird logo. In a tweet early Sunday morning Eastern time, Mr. Musk said that “soon we shall bid adieu to the twitter brand and, gradually, all the birds.”He added shortly after, “If a good enough X logo is posted tonight,” it would “go live worldwide tomorrow.”“X” is a term for what Mr. Musk has described as an “everything app” that could combine social media, instant messaging and payment services, akin to the popular Chinese app WeChat.

Persons: Elon Musk, Musk, “, adieu Organizations: Twitter

☆ Alipay and WeChat Pay now accept Visa and Mastercard for all payments in China
▼ + stars: | 2023-07-21 | by ( Laura He | ) edition.cnn.com time to read: +4 min

The move marks a revival of efforts by Alipay and WeChat Pay to accept foreign credit cards after they provided some limited access in late 2019. WeChat Pay is officially known as Weixin Pay in China. Alipay and WeChat Pay are dominant in digital payment services, accounting for a combined 91% market share. In 2019, Alipay and WeChat started allowing the use of foreign credit cards on their apps as Chinese regulators eased restrictions. A week later, an executive from Tencent said at a forum that the company would open wider its WeChat Pay system to international card organizations, such as Visa, starting in July.

Persons: Alipay, WeChat, ” Dennis Chang, Tencent, ”, Chen Qiru Organizations: Hong Kong CNN —, Mastercard, Ant Group, Visa, Club, Discover, World, Hangzhou, Alibaba, JCB, Greater China, “, Tencent Financial Technology, ”, People’s Bank of Locations: Hong Kong, China, Beijing, Chengdu, Hangzhou, Tianjin, People’s Bank of China

The planned recipient of the colorful batik top was Chinese foreign minister Qin Gang, who has not been seen in nearly a month and is set to miss at least one other important meeting, in South Africa, next week. It is not clear whether even then Borrell would meet Qin as initially planned, the official said. The former aide to President Xi Jinping was appointed foreign minister in December after serving less than two years as ambassador to the United States. Qin's absence has also been widely discussed in the diplomatic community, with some saying it is another example of China's lack of transparency. Some diplomats have even started to speculate on who may replace Qin, with three telling Reuters the ranking vice foreign minister, Ma Zhaoxu could be a candidate.

Persons: Qin Gang, Qin, Yun Sun, Mao Ning, Wang Yi, Josep Borrell, Wen, Xi Jinping, Antony Blinken, Ma Zhaoxu, Ma, Wang, Xie Feng, Xie, Laurie Chen, Martin Quin Pollard, Yew, Tian, Kate Lamb, Gabriela Baczynska, Andrew MacAskill, John Geddie, Robert Birsel Organizations: China Program, Stimson, Reuters, EU, Australian National University, Qin, Baidu, London School of Economics, United, Aspen Security Conference, Thomson Locations: BEIJING, JAKARTA, China, Indonesia, Jakarta, South Africa, Washington, Johannesburg, Britain, United States, Beijing, Sri Lankan, United Nations, Brussels, London

☆ Goldman Sachs shares its top stock picks for China A.I. — and 2 are on its conviction list
▼ + stars: | 2023-07-20 | by ( Lucy Handley | ) www.cnbc.com time to read: +1 min

In two research notes dated July 16, Goldman gave an overview of opportunities and risks created by generative AI and picked the stocks likely to benefit. In its base case scenario, the bank said, it expects generative AI to add 151 billion yuan ($21 billion) to the cloud computing market in China by 2027. "We see Alibaba as one of the best value stock proxies to enjoy the advertising recovery, fintech … and cloud structural growth," the analysts said. The bank described it as a "key AI beneficiary given its multi-year investments as an AI leader in China." We continue to see Tencent as a key advertising recovery proxy helped by Video Accounts and broader WeChat ad recovery."

Persons: Goldman Sachs, Goldman, Ronald Keung, fintech, chatbot Ernie, Tencent, Michael Bloom Organizations: Baidu, China Internet, Video Locations: China

☆ Tesla's Cybertruck is finally starting production, 2 years behind schedule. Here are 6 other projects Elon Musk promised to deliver by now.
▼ + stars: | 2023-07-17 | by ( Sebastian Cahill | ) www.businessinsider.com time to read: +6 min

Tesla's Cybertruck is finally beginning production two years behind schedule. Tesla CEO Elon Musk has been known to make lofty promises that go undelivered for years at a time. In 2017, Inverse reported, Musk expanded the promise, assuring buyers that it would be just two more years before self-driving Teslas could be used to travel cross-country while passengers sleep. An 'everything' social media app, XIn late 2022, Musk tweeted that his purchase of Twitter was an "accelerant" to the creation of 'X,' the "everything app." According to the same CNBC article, in its most productive year, 2022, Tesla only installed an average of 21 solar system installations per week.

Persons: Elon Musk, —, Tesla, Musk, Musk's, Will Organizations: Tesla, CNBC, Boring Company, SpaceX, Twitter, University of Cincinnati Locations: Giga , Texas, New York, Philadelphia, Baltimore, Washington, DC, Los Angeles, Southern California

☆ Chinese military-run hospital ship arrives in Kiribati
▼ + stars: | 2023-07-16 | by ( Yew Lun Tian | ) www.reuters.com time to read: +1 min

BEIJING, July 16 (Reuters) - A Chinese military-run hospital ship has arrived in Kiribati for the first time, as China vies with the United States for influence in the Pacific region. The ship docked at Kiribati on Saturday to start a seven-day visit that includes humanitarian medical assistance, the Chinese defence ministry said on its official WeChat account on Sunday. While medical crew from the ship will see patients at the local hospital and other places, the Chinese commanding officer will meet with Kiribati leaders including the president, health minister, transport minister and police chief. The ship is also due to visit Tonga, Vanuatu, the Solomon Islands and East Timor. Reporting by Yew Lun Tian; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Yew Lun, Hugh Lawson Organizations: Kiribati, Thomson Locations: BEIJING, Kiribati, China, United States, Pacific, Taiwan, Tonga, Vanuatu, Solomon Islands, East Timor, Australia, New Zealand

☆ China, Russia to start joint air and sea drill in Sea of Japan
▼ + stars: | 2023-07-16 | by ( Yew Lun Tian | ) www.reuters.com time to read: +2 min

Codenamed "Northern/Interaction-2023", the drill marks enhanced military cooperation between China and Russia since Moscow's invasion of Ukraine and is taking place as Beijing continues to rebuff U.S. calls to resume military communication. On Saturday, the ministry said Russian naval and air forces would participate in the drill taking place in the Sea of Japan. This would be the first time both Russian forces take part in the drill, state newspaper Global Times cited military observers as saying. Gromkiy and Sovershenniy, two Russian warships taking part in the Sea of Japan drill, had earlier this month conducted separate training with the Chinese navy in Shanghai on formation movements, communication and sea rescues. Chinese military Chief of Joint Staff Liu Zhenli and Russia's top soldier, Chief of General Staff Valery Gerasimov made the same pledge during a video call in June.

Persons: Gromkiy, Vladimir Putin, Xi Jinping, Li Shangfu, Nikolai Yevmenov, Liu Zhenli, Staff Valery Gerasimov, Yew Lun, Jamie Freed Organizations: Russian, Global Times, China's, Staff, Thomson Locations: BEIJING, Russian, Japan, China, Russia, Ukraine, Beijing, U.S, Qingdao, Shanghai, Taiwan, Taipei, Tokyo, United States

"U.S.-China competition is on the same starting line," Chipuller chairman Yang Meng said about chiplet technology in an interview with Reuters. "They can still develop 3D stacking or other chiplet technology to work around those restrictions. Beijing is rapidly exploiting chiplet technology in applications as diverse as artificial intelligence to self-driving cars, with entities from tech giant Huawei Technologies to military institutions exploring its use. About a quarter of the global chip packaging and testing market sits in China, according to Dongguan Securities. Huawei, China’s tech and chip design giant that has been put on the U.S.'s most restricted list, has been actively filing chiplet patents.

Persons: Yang Meng, Charles Shi, Needham, Yang, Needham's Shi, Chipuller, Laura Black, Melissa Mannino, Perry Bechky, Rowe, Mike Gallagher, Biden, ”, Chipuller's Yang, zGlue, CFIUS, Shayne Phillips, MIIT, Jane Lanhee Lee, Eduardo Baptista, Echo Wang, Stephen Nellis, Kenneth Li, Brenda Goh, Lincoln Organizations: Chipuller, Industry, Reuters, Huawei Technologies, Intel, Dongguan Securities, People’s Liberation Army, PLA, Acclaim, British, Islands, Sea Investment Co, Foreign Investment, Treasury, Akin's Trade, Berliner Corcoran, Department of Commerce, Huawei, U.S, TongFu Microelectronics, JCET, Beijing ESWIN Technology Group, China’s Ministry of Industry, Information Technology, Thomson Locations: Shenzhen, China, U.S, United States, Japan, South Korea, Taiwan, Beijing, Dongguan, BakerHostetler, People's Republic of China

The moves should bolster efficiency at both firms, amid an already-stellar year for the two Club holdings. Apple surpassed a $3 trillion market capitalization last month, but has since pulled back to a valuation of $2.94 trillion. Meanwhile, WedBush recently forecasted that Microsoft could also join the $3 trillion club by early 2024 on the back of its artificial intelligence capabilities. This round of Microsoft layoffs is much smaller than the cuts the company announced earlier this year, so it probably doesn't move the needle. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: WedBush, ChatGPT, Tencent, Jim Cramer's, Jim Cramer, Jim, RYU Organizations: Microsoft, Apple, Nasdaq, CNBC, Federal Trade Commission's, Activision, Getty, Visual China Locations: China, Washington, India, Seattle , Washington

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