[ad_1] Microsoft has announced plans to invest $2.1 billion over the next two years to significantly scale up its artificial intelligence (AI) development and cloud computing capacities in Spain. The major expansion was revealed by Microsoft’s Vice Chair and President Brad Smith across social media channels. I’m thrilled to announce that we will expand our … Read more
[ad_1] Pinterest released a disappointing forecast for first-quarter revenue on Thursday that fell mainly below Wall Street expectations. This signals the intense competition Pinterest faces from more prominent social media players as the digital advertising market stabilizes after a rocky 2022. The San Francisco-based visual discovery platform saw its shares drop over 9% in extended … Read more
[ad_1] The French data protection watchdog, CNIL, has slapped Amazon with a hefty €32M (£27M) fine for “excessively intrusive” surveillance of its workers. According to the agency, the eCommerce giant has resorted to surveillance measures that it found to be illegal. Following media coverage of the working conditions at the warehouses as well as complaints … Read more
[ad_1] Even the deepest pockets have their limits. Amazon and Google-parent Alphabet sit on a combined $184 billion in cash and short-term investments. Those two, along with big tech peers Microsoft, Apple and Facebook-parent Meta Platforms, hold the highest such balances among nonbanking companies on the S&P 500, according to data from S&P Global Market … Read more