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From Meta to Microsoft, AI's big moment is here

The Japan Times

Big Tech companies have a new obsession: artificial intelligence. This week, chief executives across the sector packed earnings calls with mentions of the heavily hyped technology, which until recently existed more in the background than as a solid contributor to the bottom line. In conference calls after financial results, tech execs uttered the phrases "AI," "generative AI," or "machine learning" from two to six times as often as they did in the previous quarter, according to a review of conference transcripts. This could be due to a conflict with your ad-blocking or security software. Please add japantimes.co.jp and piano.io to your list of allowed sites.


Analysis: From Meta to Microsoft, AI's big moment is here

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Feb 3 (Reuters) - Big Tech companies have a new obsession: artificial intelligence. This week, chief executives across the sector packed earnings calls with mentions of the heavily hyped technology, which until recently existed more in the background than as a solid contributor to the bottom line. In conference calls after financial results, tech execs uttered the phrases "AI," "generative AI," or "machine learning" from two to six times as often as they did in the previous quarter, according to a review of conference transcripts by Reuters. Executives from Microsoft Corp (MSFT.O) and Alphabet Inc (GOOGL.O), behind the latest big rivalry in tech, took their battle to the conference-call front lines. On Thursday, Alphabet appeared to edge out the competition.


The race of the AI labs heats up

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The latest example, judging by the chatter in Silicon Valley, as well as on Wall Street and in corporate corner offices, newsrooms and classrooms around the world, is ChatGPT. In just five days after its unveiling in November the artificially intelligent chatbot, created by a startup called OpenAI, drew 1m users, making it one of the fastest consumer-product launches in history. Microsoft, which has just invested $10bn in OpenAI, wants ChatGPT-like powers, which include generating text, images, music and video that seem like they could have been created by humans, to infuse much of the software it sells. On January 26th Google published a paper describing a similar model that can create new music from a text description of a song. When Alphabet, its parent company, presents quarterly earnings on February 2nd, investors will be listening out for its answer to ChatGPT.


By 2032, Machine Learning as a Service (MLaaS) Market Competitive Environment, Revenue Growth Analysis, Development Perspective and Forecast 2032

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The Global Machine Learning as a Service (MLaaS) Market 2032 Industry Report is a professional and in-depth study on the current state of the Machine Learning as a Service (MLaaS) Market by QMI. The Machine Learning as a Service (MLaaS) Market is supposed to demonstrate a considerable growth during the forecast period of 2023 – 2032. The company profiles of all the key players and brands that are dominating the market have been given in this report. Their moves like product launches, joint ventures, mergers and acquisitions and the respective effect on the sales, import, export, revenue and CAGR values have been studied completely in the report. The scope of this Machine Learning as a Service (MLaaS) Market report can be expanded from market scenarios to comparative pricing between major players.


Microsoft CEO Nadella: 'Expect us to incorporate AI in every layer of the stack'

ZDNet

Tuesday night, on Microsoft's fiscal second-quarter earnings conference call with Wall Street analysts, CEO Satya Nadella offered perhaps his broadest vision to date about what the company's investment in the San Francisco-based startup OpenAI, creators of the wildly popular ChatGPT, means for Microsoft. OpenAI, he said, represents part of the next wave in computing. "The next big platform wave, as I said, is going to be AI, and we strongly also believe a lot of the enterprise value gets created by just being able to catch these waves and then have those waves impact every part of our tech stack and also create new solutions and new opportunities," said Nadella. To that end, Microsoft "fully expect to, sort of, incorporate AI in every layer of the stack, whether it's in productivity, whether it's in our consumer services, and so we're excited about it." Of the partnership with OpenAI, Nadella remarked, "There's an investment part to it, and there's a commercial partnership, but, fundamentally, it's going to be something that's going to drive, I think, innovation and competitive differentiation in every one of the Microsoft solutions by leading in AI." Right now, the exemplary applications developed with OpenAI are GitHub CoPilot, where the neural nets assist programmers with completing coding tasks.


Microsoft Surface sales are tanking, Microsoft says

PCWorld

With soaring cloud revenues, plunging Windows and device revenues, and a few days into a substantial layoff, Microsoft's first-quarter results feel a bit like a quote from Dickens. The best of times: "The next major wave of computing is being born," as Microsoft reported 31 percent revenue growth in its Intelligent Cloud business, a day after Microsoft invested again in OpenAI and its chat service, ChatGPT. The worst of times: Windows OEM revenue sank 39 percent, thanks to a tanking PC market; Microsoft's Devices (Surface) revenue fell the same amount, thanks to issues launching products, reduced demand, and success a year ago. In the end, it all sort of came out in the wash, however, with net income down 12 percent to $16.4 billion and revenue sinking 2 percent to $52.7 billion. Microsoft reported $14.2 billion in revenue in More Personal Computing, its consumer business, down 19 percent, but 18 percent growth to $21.5 billion in Intelligent Cloud and 7 percent growth in Productivity and Business Processes, Microsoft's Office business.


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

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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.


Microsoft Layoffs Reportedly Hit Key VR and Metaverse Teams - Jack Of All Techs

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The latest round of layoffs at Microsoft, which announced it will cut 10,000 jobs this year, has hit key teams for its VR (virtual reality) and metaverse efforts, according to reports. The company will close two projects in these areas, Altspacevr and the Mixed Reality Tool Kit, potentially affecting the progress of Microsoft in these areas. The latest round of layoffs announced by Microsoft on Jan. 18, has reportedly hit metaverse and VR (virtual reality) initiatives of the company, potentially affecting progress in these areas. Among the 10,000 jobs to be cut this year, representing 5% of Microsoft's global workforce, teams behind initiatives like Altspacevr and the Mixed Reality Tool Kit are being axed as part of this reorganization process. Altspacevr, which was acquired by Microsoft in 2017, has already announced it will sunset its platform on March 10.


Innovation and the Pandemic Propelled Performance G.R. Jenkin & Associ

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Innovation and the Pandemic Propelled Performance The 2022 TMT Value Creators Report February 28, 2022 By Simon Bamberger, Hady Farag, Derek Kennedy, Franck Luisada, Michaela Novakov, Vaishali Rastogi, and Neal Zuckerman The outsized role that technology, media, and telecommunications (TMT) companies play in modern life has made the sector a leader in creating shareholder value. From 2016 to 2021, TMT companies collectively outperformed those in many other industries in total shareholder return (TSR), according to BCG's 2022 Value Creators Report. Among our findings: The lion's share of TMT value creation came from tech players, which from 2016 to 2021 had a median annual TSR performance of 30%, more than double the median overall return of 13% for the 33 industries we studied. Of the 232 TMT companies in our sample, 70% posted a higher TSR during the period that included the peak of the pandemic, the 21 months from March 2020 to November 2021, than during the prior 21 months. Continuing on the same growth trajectory may be a challenge given recent investor anxieties about inflation, monetary policy, and moderating earnings growth.


Microsoft in talks to acquire a 49% stake in ChatGPT owner OpenAI

#artificialintelligence

ChatGPT is currently one of the leading topics of discussion on the internet. The artificial intelligence application is being utilized to answer questions, write reports, and also formulate software codes. Now, according to a report by Semafor, Microsoft Corp is discussing the possibility of acquiring OpenAI, the parent company of ChatGPT. The tech-industry giant is ready to pay upwards of $10 billion for the acquisition. JUST IN: Microsoft $MSFT in talks to acquire a 49% stake worth $10 billion in ChatGPT owner OpenAI.