Microsoft rewarded for AI strategy

The stock jumped after the company balanced spending on AI with increasing cloud revenue  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Here’s your wrap of the latest must-read tech news. For more expansive and analytical coverage from around the globe, get the Tech In Depth newsletter. Top Stories Anthropic hacks: The company said its artificial intelligence models escaped cybersecurity testing environments and breached three different organizations. It’s similar to an incident disclosed by OpenAI. DeepSeek plans data center: The Chinese AI company is planning a massive data center in Inner Mongolia. It’s unclear what kind of artificial intelligence chips the startup will use. Cloud deal: Cloud provider Nscale agreed to acquire software company Anyscale for $1.65 billion. AI is the reason for the deal. Top Reads Meta Reports Almost $700 Billion in Future Spending Commitments Meta Platforms Inc. said it has already committed almost $700 billion in future spending, through long- and short-term agreements, related to artificial intelligence data centers, cloud computing and more. Samsung, SK Hynix Answer AI Doubters With Big Numbers and Deals In a remarkable week, the titans of the near-$1 trillion global memory industry smashed profit records. But they were unable to reverse a market rout that’s erased much of their stocks’ gains this year. Amazon Gains After Fifth Straight Quarter of Cloud Sales Growth Amazon.com Inc. shares jumped after the company reported cloud-computing revenue accelerated for a fifth straight quarter, easing investors’ concerns that it won’t produce a return on huge expenditures to meet the booming demand for artificial intelligence. Beyond The Brief Microsoft, Amazon and Google reported massive spending on data centers and other equipment to boost their cloud businesses in the hopes of meeting intense demand for artificial intelligence workloads. But Microsoft was the only one that managed to stay cash flow positive despite all that spending — and it was rewarded by investors, Brody Ford writes in today’s Tech In Depth. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world. This Week In Q&AI The incidents in which AI models from OpenAI and Anthropic escaped testing environments and hacked other organizations has spooked employees of those companies and other leading AI firms, Shirin Ghaffary reports in this week’s Q&AI. The incidents spurred more than 1,100 of those staffers to sign an open letter urging the US government to help “deliberately pace” the development of AI around the globe, she writes. You’ve got questions about AI. We’ve got answers. Sign up for Bloomberg Technology’s weekly Q&AI newsletter. Before You Go... Amazon’s Zoox Gets Green Light to Deploy Up to 5,000 Robotaxis Amazon.com Inc.‘s driverless-car business will be allowed to commercially deploy as many as 2,500 vehicles annually in the US over the next two years, clearing the way for more robotaxis in a market dominated by Alphabet Inc.’s Waymo. Read more We’re improving your newsletter experience and we’d love your feedback. If something looks off, help us fine-tune your experience by reporting it here. Follow Us You received this message because you are subscribed to Bloomberg’s Tech In Brief newsletter. If a friend forwarded you this message, sign up here to get it in your inbox. Unsubscribe Bloomberg.com Contact Us Bloomberg L.P. 731 Lexington Avenue New York, NY 10022 |