Phil Spencer will retire after 38 years at Microsoft; Asha Sharma, the president of product in Microsoft's Core AI business, will become the CEO of gaming
Microsoft's head of gaming, Phil Spencer, is leaving the software maker following a 38-year tenure, as the company's Xbox business faces increased challenges.
Phil Spencer will retire after 38 years at Microsoft; Asha Sharma, the president of product in Microsoft's Core AI business, will become the CEO of gaming
Microsoft's head of gaming, Phil Spencer, is leaving the software maker following a 38-year tenure, as the company faces increased challenges in its Xbox business.
Indian IT giant TCS agrees to acquire Coastal Cloud, a Florida-based Salesforce consulting partner, for $700M, in a bid to boost its AI and US customer business
Tata Consultancy Services is buying U.S.-based Salesforce Summit Partner Coastal Cloud for $700 million to boost its global presence and AI business.
Sources: Nvidia is in advanced discussions to invest $500M in UK self-driving car startup Wayve, as part of a £2B pledge for UK startups; Wayve is evaluating
AI chipmaker's chief tells London audience that UK's first trillion-dollar company will be an AI business
Baidu reports Q1 revenue up 3% YoY to ~$4.5B, above ~$4.3B est., and a ~$1B net profit, as the Chinese search giant fends off intensifying competition in AI
but the risks are stacking up Sanjana Gupta / Analytics India Magazine : Baidu's Revenue Surge in Q1 FY25, AI Cloud and Autonomous Driving Thrive Anusuya Lahiri / Benzinga : China-Based Baidu Burns $1...
ByteDance, which spent an estimated $11B in 2024 on infrastructure for AI, is using data from ~1B users of its apps as the linchpin of its growing AI business
Meaghan Tobin / New York Times :
ByteDance, which spent an estimated $11B in 2024 on infrastructure for AI, is using data from ~1B users of its apps as the linchpin of its growing AI business
A set of popular apps helped China's ByteDance develop a key component of advanced artificial intelligence: information on how a billion people use the internet.
Satya Nadella says Microsoft's AI business has surpassed an annual revenue run rate of $13B, up 175% YoY, as the company faces new scrutiny over AI spending
Todd Bishop / GeekWire :
Microsoft says its AI business is on track to surpass a $10B annual revenue run rate in Q2, its fastest product category to reach that milestone yet
Ina Fried / Axios :
Sources: Chinese internet companies have been testing Huawei's new Ascend 910C chip in recent weeks; Huawei told clients the chip is comparable to Nvidia's H100
Chinese tech company looks for AI business with Ascend series but still faces production issues