Microsoft Revenue Up 2 Percent, but Profit Drops 12 Percent - The New York Times

The past several months have been turbulent for Microsoft. In December, its $69 billion deal to acquire the video game maker Activision was challenged by regulators in the United States, and last week it began laying off about 10,000 workers. On Monday, Microsoft announced a major new investment in OpenAI, the start-up behind ChatGPT and other generative artificial intelligence breakthroughs, and signaled plans to include A.I. in an array of Microsoft products. The biggest slowdown came from Microsoft's personal computing business, where sales fell 19 percent and operating income fell 47 percent. The business boomed during the first part of the pandemic.