Microsoft’s small world of AI customers

Tech and AI companies dominate Microsoft’s cloud customer list ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

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. Market Snapshot NVIDIA Corp $212.50 +0.3% Samsung Electronics Co Ltd ₩257,250 -4.7% Alibaba Group Holding Ltd HK$111.60 -9.3% Market data as of 01:18 AM ET. Data is subject to provider delays. Your watchlist Top Stories Apple job cuts: The iPhone maker is eliminating positions across teams responsible for Siri and the Vision Pro. The headset has been a flop. Nvidia deals: The chipmaker is busy helping AI startups. Poolside and possibly Rebellions are beneficiaries of the company’s largess. TikTok settlement: The app and its parent company, China-based ByteDance, agreed to pay $400 million to resolve a lawsuit in which the US government accused them of illegally collecting data on children. It’s among the biggest settlements of a Children’s Online Privacy Protection Act case. Must Reads Samsung Plans $80 Billion in Dividends, Buybacks After AI Gains Samsung Electronics Co plans to return as much as 110 trillion won ($80 billion) to investors this year, joining SK Hynix Inc. in sharing an AI windfall and putting in motion the largest shareholder return program in South Korea’s history. Software Firms Deploy Bluster and Buybacks to Counter AI Fears Software companies are facing a crisis of confidence on Wall Street and trying increasingly aggressive strategies to address it. AI Cloud Firm Nscale Is Said to Seek Up to $3 Billion in US IPO Nscale is seeking to raise as much as $3 billion in its US IPO, according to people familiar with the matter, joining a rush of artificial intelligence data center companies tapping public market investors. Beyond The Brief Microsoft’s AI cloud business relies heavily on a small number of customers led by OpenAI and Meta Platforms, Brody Ford writes in today’s Tech In Depth. While Microsoft and other AI providers talk about taking the emerging technology to companies across the economy, the tight circle of clients has raised concerns that the use of AI — for the moment — is far too concentrated in the tech industry, he writes. 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 Game On Four years after images and video clips of Grand Theft Auto VI leaked online, it’s happening again — and shaking up developer Rockstar Games, Jason Schreier reports in this week’s Game On. It’s “all hands on deck” as management at the Take-Two Interactive Software-owned studio deals with the leak just before an extended trailer Aug. 27 on Netflix gives fans a first look at what is expected to be one of the most lucrative video games ever released, he writes. Sign up for the Game On newsletter to go deep inside the video game business with reporting and analysis from Jason Schreier. Before You Go... Retailers Want AI to Solve Online Shopping’s Biggest Problem Buying clothes online can leave shoppers frustrated and retailers drowning in returned goods. Now brands hope that AI-powered tools will deliver the perfect fit. 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 |