Microsoft on Tuesday laid out an aggressive spending plan to meet demand for its new artificial intelligence services after surpassing Wall Street estimates for fiscal fourth-quarter revenue and profit. Costs rose sharply as Microsoft built new data centers to support AI, and Chief Financial Officer Amy Hood said on a conference call with analysts the … Read more
Cardano Foundation, a not-for-profit organization that develops and supports the Cardano network, said it spent $22.1 million on its three core areas last year, a 15% increase from 2023. The money was allocated to adoption, operational resilience and education, according to the report, which is available to view on-chain via the Cardano Foundation’s Reeve tool. … Read more
Mastercard is taking a significant step toward broadening the use of crypto assets across Europe and the UK. The global payments leader has partnered with crypto exchange Kraken to facilitate card-based crypto payments for everyday purchases. The collaboration was officially announced in a blog post published by Mastercard on April 8. With its Markets in … Read more
Microsoft and OpenAI, in collaboration with the Lenfest Institute for Journalism, announced an AI Collaborative and Fellowship programme on Tuesday. With this programme, the two tech giants will spend upwards of $10 million (roughly Rs. 84.07 crores) in direct funding as well as enterprise credits to use proprietary software. The companies highlighted that the programme … Read more
Bitcoin traded at $107,937 as of 22:22 UTC on Sunday, up 0.54% over the past 24 hours, as attention turned to fiscal policy tensions in Washington following President Trump’s latest post on Truth Social. Price action remained volatile, with BTC fluctuating between $107,194 and $108,489 during the 24-hour window, according to CoinDesk Research’s technical analysis … Read more
Microsoft on Wednesday forecast disappointing growth in its cloud computing business, sending its shares down 4.5 percent in after-hours trading as investors worry about big spending, elusive artificial intelligence revenue and competition from cheaper AI models from China. Azure results for the fiscal second quarter also fell below Wall Street expectations. Despite beating quarterly overall sales estimates, investors want better results from the hundreds of … Read more
Days after Chinese startup DeepSeek’s breakthrough low-cost AI computing shook the US technology industry, CEOs of Microsoft and Meta defended massive spending saying it was crucial to staying competitive in the new field. DeepSeek’s quick advances with models that it claimed can match or even outperform Western rivals at a fraction of the cost stirred … Read more