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☆ Insider Today: Mark Cuban vs. Big Pharma
▼ + stars: | 2024-08-04 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

But first: Big Tech reporting for duty. AdvertisementEven before Amazon, Apple, Meta, and Microsoft reported earnings, investors' focus was clear. Meta CEO Mark Zuckerberg didn't shy away from his intention to keep plowing money into AI, but investors didn't mind. Softening demand from shoppers for Amazon led to a miss in reported net sales and a weaker-than-expected sales forecast for the third quarter. Also read:Getty Images; Jenny Chang-Rodriguez/BIMark Cuban's pharma missionIn 2022, Mark Cuban launched a low-cost online pharmacy with the goal of cutting drug prices for consumers.

Persons: —, Jeff Bottari, Rebecca Zisser, Tesla, Mark Zuckerberg, iStock, That's, Gen, Zers, Tyler Le, Tetiana Lazunova, Jenny Chang, Rodriguez, Cuban's, Mark Cuban, somebody's, Emily Durham Organizations: Service, Business, Big Tech, Getty Images, Apple, Meta, Microsoft, Apple Intelligence, Amazon, pharma, Cuban's pharma, Cost, Pfizer, Novo Nordisk Locations: China

☆ The GenAI jitters: Is there enough demand for $1 trillion in AI spending?
▼ + stars: | 2024-08-02 | by ( Alistair Barr | Eugene Kim | ) www.businessinsider.com time to read: +4 min

AdvertisementBig tech companies are forecast to spend $1 trillion on data centers, real estate, chips and other gear to build AI models, tools and products. AdvertisementSome big tech companies have already whittled away a large chunk of their cash reserves chasing this AI trend. For more than a year, the assumption has been that generative AI will stoke a massive wave of new demand. What if that demand turns out to be weaker than expected? A major piece of evidence he shared was about demand for Microsoft's 365 Copilot service.

Persons: —, Ashley Stewart, I've, Ashley, Keith Weiss, Morgan Stanley, Weiss, Andy Jassy, Sundar Pichai, Satya Nadella, BI's Ashley Stewart, Nadella Organizations: Service, Business, pharma, Big, Microsoft, stoke, Amazon, Google, CIO

☆ Why not all semiconductor firms are benefitting from the AI boom like Nvidia has
▼ + stars: | 2024-08-02 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024. Current interest in artificial intelligence revolves around two key terms — large language models (LLMs) and generative AI. Not all chip firms are benefitting from the boom in artificial intelligence, earnings show, underscoring the complexities of the semiconductor supply chain and dominance of some companies over others in different parts of the sector. But Nvidia's rival AMD has brought its own chip to market, called the MI300X AI chip, for AI purposes and is beginning to see the rewards. Chip manufacturing and tool companies appear to be benefitting too from the boom in AI.

Persons: Jensen Huang, Meta, ASML Organizations: Nvidia Corp, Blackwell, Nvidia, Technology, Google, Tech, Microsoft, AMD, Samsung, Qualcomm, CNBC

☆ Microsoft's cloud is 'no-brainer' for some AI startups, helping Azure gain ground on AWS
▼ + stars: | 2024-08-02 | by ( Jordan Novet | ) www.cnbc.com time to read: +10 min

However, after EzDubs went through the Y Combinator startup program last year, the company made a quick pivot, adding Microsoft's cloud into the mix. That's because EzDubs' founders learned of a partnership that enabled Y Combinator companies to receive $350,000 worth of credits on Microsoft Azure. The current offer includes $350,000 in AWS credits, plus $300,000 reserved for tapping the custom silicon, the spokesperson said. A spokesperson later said 58% of Y Combinator startups had taken up Microsoft's credit offer, a figure that doesn't reflect actual Azure usage. "Leading AI startups use OpenAI to power their AI solutions, therefore, making them Azure customers as well."

Persons: Amrutavarsh Kinagi, Kareem Nassar, Padmanabhan Krishnamurthy, EzDubs, Krishnamurthy, Y, Annie Pearl, it's, Satya Nadella, Sam Altman, Hayden, CNBC InKeep, OpenAI, Nick Gomez, InKeep's, InKeep, Gomez, CNBC's Andrew Ross Sorkin, Prady Modukuru, Modukuru, Anthropic, Daksh Gupta, Gupta, Nassar Organizations: Google, Microsoft, CNBC, Amazon, Services, Alchemist, AWS, Hayden Field, Sync Labs, Sync, OpenAI Locations: Palo Alto , California, OpenAI's, San Francisco

☆ The New York Times and other top news sites block OpenAI's new SearchGPT web crawling bot
▼ + stars: | 2024-08-02 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +5 min

The New York Times and at least 13 other news sites have blocked OAI-SearchBot. Part of the goal with new AI-powered search engines is to keep users around by showing them summaries. If publishers aren't seeing huge traffic from search engines anymore, why bother allowing their web crawling bots? The major holdout among publishers is The New York Times. "By providing Times content without The Times's permission or authorization, Defendants' tools undermine and damage The Times's relationship with its readers and deprive The Times of subscription, licensing, advertising, and affiliate revenue."

Persons: —, OpenAI, Jon Gillham, SearchGPT, Gillham, The New York Times Gillham, Axel Springer, Charlie Stadtlander, Darius Rafieyan Organizations: Service, New York Times, Business, Yorker, Vogue, The New York Times, Microsoft, OpenAI

☆ Even Nvidia can't escape the government's crackdown on Big Tech
▼ + stars: | 2024-08-02 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewEven Nvidia, which appears untouchable in 2024, may not be immune to the government's sweeping crackdown on the Magnificent Seven. They have received complaints from competitors that Nvidia abused its dominance and pressured cloud providers to buy multiple Nvidia products, The Information reported on Thursday. Nvidia did not immediately respond to Business Insider's request for comment sent outside regular business hours. The DOJ's focus on Nvidia follows a series of other recent government investigations into Big Tech.

Persons: —, prem, Biden Organizations: Service, Department, Politico, Nvidia, Business, Reuters, Big Tech, FTC, DOJ, Apple, Amazon, Activision Blizzard

☆ Take a look at some of the richest sports team owners in the US, from Microsoft's Steve Ballmer to Walmart's Rob Walton
▼ + stars: | 2024-08-01 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Some of your favorite sports teams are owned by some of the richest billionaires in the world. Here are the ultrawealthy owners behind some of the most successful sports teams. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Here's a look at some of the megarich owners of major sports franchises in the US.

Persons: — Organizations: Service, Bloomberg

☆ Analysts overwhelmingly say buy Microsoft on postearnings dip, AI story intact
▼ + stars: | 2024-07-31 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Analysts on Wall Street think Microsoft's postearnings pullback is a buying opportunity. Shares of the technology company dipped 1% after Microsoft's disappointing cloud revenue obscured stronger-than-expected overall results for the fiscal fourth quarter. Microsoft's Intelligent Cloud segment raked in $28.52 billion in revenue last quarter, while analysts polled by LSEG expected $28.68 billion. Take a look at what some analysts around the Street said after Microsoft released its results. Goldman Sachs Analyst Kash Rangan maintained a buy rating on Microsoft and reiterated his $515 per share price target.

Persons: LSEG, Goldman Sachs, Kash Rangan, Mark Murphy, Murphy, Michael Turrin, Turrin Organizations: Microsoft, JPMorgan, JPMorgan Chase Locations: FQ4, 1H

☆ Microsoft's timeline for its massive AI bet is testing everyone's patience
▼ + stars: | 2024-07-31 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +1 min

Investors want to know when Big Tech's huge investments in AI will generate returns. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . From Silicon Valley to the Evergreen State, leaders of the world's most powerful companies have been busy spinning a tale that the technology will one day deliver a generational payday big enough to make their investment blitz worthwhile. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Evergreen State, Business Locations: Silicon

☆ How Satya Nadella created a 'learn-it-all' culture at Microsoft to help it become a $3 trillion powerhouse
▼ + stars: | 2024-07-31 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +5 min

Read previewWhen Satya Nadella took over as CEO of Microsoft in 2014, he was on a mission to transform the company's culture. A decade later, it's clear that Nadella followed his own counsel as he seeks to establish Microsoft as a dominant force in AI. So, by 2016, Microsoft ditched its mobile business and sold the Nokia phone line to follow Nadella's new vision for the company. This cemented Nadella's vision to build up its open-source software offering, solidifying Nadella's vision to boost Microsoft's open-source software offerings. CFO Amy Hood said on Tuesday that Microsoft's AI bets will be monetized "over 15 years and beyond."

Persons: —, Satya Nadella, Nadella, Steve Ballmer, Ballmer, Kevin Scott, Bill Gates, OpenAI, Bing, Nadella isn't, Mustafa Suleyman, Suleyman, Carol Dweck's, Amy Hood Organizations: Service, Microsoft, Business, Nokia, Work Conference Locations: reenergize, OpenAI, ChatGPT

☆ Nvidia is the early winner in Big Tech's latest earnings season
▼ + stars: | 2024-07-31 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Big Tech companies are reporting earnings this week, and there's already one early winner: Nvidia. Microsoft said it was spending big on buying tech to power its AI — tech made by Nvidia. AdvertisementA slew of Big Tech companies are reporting earnings this week, and already at least one clear winner has emerged: Nvidia. Nvidia makes a good chunk of the technology used to power AI. Tech giants are expected to be grilled on their AI spending in this week's earnings calls, and some already have been.

Persons: — Organizations: Big Tech, Nvidia, Microsoft, Service, Tech

☆ A CIO cancelled a Microsoft AI deal. The reason why should worry the entire tech industry.
▼ + stars: | 2024-07-31 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +1 min

A pharmaceutical company stopped using Microsoft's Copilot AI tool due to high cost and low value. The company used Office 365 Copilot for 500 staff, and found it comparable to middle school presentations. Microsoft is considering repackaging 365 licenses to better monetize AI features amid record capex. That's exactly what happened when an IT executive at a pharmaceutical company tried out Microsoft's Copilot AI features. The chief information officer of this pharma company paid extra to have 500 employees use Office 365 Copilot in the fourth quarter of 2023 and first quarter of 2024.

Persons: — Organizations: Microsoft, Service, pharma, Business

☆ OpenAI's releasing a new AI model soon, and there's a lot at stake
▼ + stars: | 2024-07-31 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, what to expect from OpenAI's newest AI model that's in the works. GPT-5, the newest model upgrade for OpenAI's chatbot, is coming soon . AdvertisementOpenAI has a lot riding on its newest model, including its ability to get customers to cough up more cash. That's not ideal for a company that's preparing to take on one of the biggest juggernauts in tech: Google's Search.

Persons: —, Z's, Let's, Nordin Catic, OpenAI, Darius Rafieyan, Darius, ChatGPT, Justin Sullivan, Chelsea Jia Feng, it's, Sam Altman, Ned Davis, David Solomon, Goldman Sachs, David Zalubowski, Chiang Ying, Mark Zuckerberg, Jensen Huang, Alexa von Tobel, Tyler Le, Mark Zuckerberg's, It's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, Getty, OpenAI, Ned Davis Research, Blackstone, Harvard, Microsoft, Starbucks, Apple, Apple Intelligence, Fed, Meta, Boeing, Kraft Locations: undergrad, New York, China, London

☆ Microsoft says OpenAI is now a competitor in AI and search
▼ + stars: | 2024-07-31 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Microsoft CEO Satya Nadella, right, greets OpenAI CEO Sam Altman during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. In the filing, Microsoft identified OpenAI, the creator of the ChatGPT chatbot, as a competitor in AI offerings and in search and news advertising. Microsoft CEO Satya Nadella reportedly wasn't briefed before OpenAI's board pushed out CEO Sam Altman in November. Suleyman, who had co-founded and led startup Inflection AI, was named CEO of a new unit called Microsoft AI, and several Inflection employees joined him. WATCH: OpenAI announces a search engine called SearchGPT

Persons: Satya Nadella, Sam Altman, OpenAI, It's, it's, wasn't, Altman, Nadella, Mustafa Suleyman, Suleyman, Sam Organizations: Microsoft, Apple, Google, Meta, OpenAI, Bing, CNBC, New York Times Locations: San Francisco, OpenAI

☆ Microsoft missed earnings by inches but is still ahead in AI race, says Jefferies' Brent Thill
▼ + stars: | 2024-07-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft missed earnings by inches but is still ahead in AI race, says Jefferies' Brent ThillBrent Thill, Jefferies analyst, joins 'Squawk on the Street' to discuss Microsoft's quarterly earnings results, the analyst's expectations for the company's capital expenditures, and what Microsoft's spending means for the rest of Thill's coverage universe.

Persons: Jefferies, Brent Thill Brent Thill Organizations: Microsoft, Jefferies

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024. Nvidia shares popped more than 11% Wednesday after remarks from top customer Microsoft and rival chipmaker AMD signaled there wouldn't be a slowdown in the multibillion-dollar buildout of AI servers based around GPUs. Microsoft CEO Satya Nadella and finance chief Amy Hood said Tuesday the company plans to spend even more on Nvidia-based infrastructure next year. Microsoft spent $19 billion on capital expenditures during the fiscal fourth quarter, with about 60% on hardware. Nvidia has been the primary beneficiary of the AI boom.

Persons: Jensen Huang, Satya Nadella, Amy Hood, Microsoft's capex, Karl Keirstead, Morgan Stanley, Joseph Moore, Moore, Blackwell, Blackwell ramping Organizations: Nvidia Corp, Blackwell, Nvidia, Technology, Microsoft, AMD, UBS

☆ Microsoft's AI spending in focus ahead of earnings
▼ + stars: | 2024-07-30 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft's AI spending in focus ahead of earningsCNBC's Steve Kovach joins 'Power Lunch' to discuss Microsoft ahead of the company's earnings today after the bell.

Persons: Steve Kovach Organizations: Microsoft

☆ This investment cycle is bigger than AI, says Piper Sandler's Brent Bracelin
▼ + stars: | 2024-07-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis investment cycle is bigger than AI, says Piper Sandler's Brent BracelinBrent Bracelin, managing director at Piper Sandler, joins 'Squawk on the Street' to discuss if investors will get clarity on tech's return on AI investment, Microsoft's cloud business, and what investors should care about in the company's earnings results.

Persons: Piper Sandler's Brent Bracelin Brent Bracelin, Piper Sandler

☆ Microsoft's earnings will be first test for large language model monetization, says Bokeh's Forrest
▼ + stars: | 2024-07-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft's earnings will be first test for large language model monetization, says Bokeh's ForrestKim Forrest, Bokeh Capital Partners CIO, joins 'The Exchange' to discuss the Microsoft's monetization on Copilot as the tech giant is set to report its Q4 earnings after the bell.

Persons: Bokeh's Forrest Kim Forrest Organizations: Bokeh Capital Partners Locations: Copilot

☆ Microsoft's AI spending comes into focus ahead of earnings
▼ + stars: | 2024-07-30 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft's AI spending comes into focus ahead of earningsCNBC's Steve Kovach reports on key things to monitor ahead of Microsoft's earnings results.

Persons: Steve Kovach

☆ Microsoft has investors really freaking out about Big Tech's AI spending
▼ + stars: | 2024-07-30 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Shares fell in post-market trading after Microsoft released its fourth-quarter earnings report. Its Azure cloud unit's revenue grew 29%, slightly slower than analysts had expected. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Microsoft released its Q4 earnings Tuesday afternoon, and the company grew its Azure cloud unit's revenue by 29%.

Persons: Satya Nadella, — Organizations: Microsoft, Service, Business

☆ Microsoft tells employees it will hand out one-time cash awards of up to 25% of annual bonus
▼ + stars: | 2024-07-30 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Microsoft on Tuesday said it will pay a one-time performance-based cash award of up to 25% of annual bonus to rank-and-file employees. Junior-level employees can obtain an award amounting to as much as 25% of their bonus, while senior directors can get up to 10%. Hogan said in the memo that Microsoft's leaders want to show recognition to workers for a good fiscal year. Microsoft reported fourth-quarter results after the close of trading on Tuesday, and said revenue increased 15% from a year earlier. Microsoft shares are up 26% in the past year as of Tuesday's close, outperforming the Nasdaq, which has gained 20%.

Persons: Kathleen Hogan, Microsoft's, Hogan, Satya Nadella Organizations: Microsoft, Junior, Nasdaq, Federal Reserve

☆ Microsoft shares dip as cloud miss overshadows better-than-expected revenue and earnings
▼ + stars: | 2024-07-30 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft shares dipped on Wednesday as investors looked past better-than-expected earnings and revenue and focused instead on disappointing cloud results. But executives provided a dose of optimism when they predicted a cloud growth speed-up in the first half of 2025. Of the 29% growth for Azure and other cloud services, 8 percentage points came from AI services, Microsoft said. But demand for Azure AI services remained higher than available capacity, said Amy Hood, Microsoft's finance chief. She said Azure growth in June was slightly lower than expected across some parts of Europe.

Persons: Satya Nadella, LSEG, StreetAccount, Nadella, Amy Hood, Hood Organizations: Microsoft, Seattle Convention Center, StreetAccount, CNBC, Google, Amazon Web Services Locations: Seattle , Washington, Europe

☆ We're upgrading Microsoft after earnings. The stock has pulled back enough lately
▼ + stars: | 2024-07-30 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Microsoft delivered an overall strong quarter after Tuesday's market close, but a miss on Azure revenue growth put shares under pressure in extended-hours trading. Office Consumer Products and Cloud Services revenue grew 3% as Microsoft 365 Consumer subscriptions grew 10% to 82.5 million. Windows Commercial Products and Cloud Services revenue increased 11%, driven by demand for Microsoft 365. Despite the solid fiscal Q1 outlook for Intelligent Cloud revenue, management guided Azure's constant currency revenue growth to 28% to 29%. Microsoft CEO Satya Nadella speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024.

Persons: We're, Satya Nadella, Nadella, Amy Hood, Hood, That's, Jim Cramer's, Jim Cramer, Jim, Jason Redmond Organizations: Microsoft, Revenue, Nvidia, Broadcom, Devices, AMD, Investors, Products, Cloud Services, Consumer Products, Dynamics Products, Enterprise Mobility, Activision, Windows, —, Xbox, Management, CNBC, AFP, Getty Locations: OpenAI, pare, Redmond , Washington

☆ Big Tech is preparing to report its earnings. The results could make or break the AI rally.
▼ + stars: | 2024-07-29 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Read previewFor a while now, AI stocks have seemingly had the ability to defy gravity. This week, tech companies central to the generative AI boom, including Amazon, Apple, Microsoft, and Meta, report earnings at a time when the market rally they've helped drive teeters on the brink of a correction. If its Big Tech peers also struggle to tell investors that AI isn't just sucking up cash, we might see the AI rally lose some steam. AI hype faces a major testThe rationale behind why AI stocks have been able to defy gravity is pretty simple. Since March, gains in the S&P 500 have been driven by chip firms like Nvidia and the so-called "Fab Five" AI Big Tech stocks, including Alphabet, Amazon, Apple, Microsoft, and Meta.

Persons: —, they've, robotaxis, Sundar Pichai, Jensen Huang, Tim Cook, Meta's Mark Zuckerberg, Satya Nadella, OpenAI, Dan Ives Organizations: Service, Apple, Microsoft, Meta, Nasdaq, Tesla, Google, Business, Big Tech, Apple Intelligence, Nvidia Locations: Silicon

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