Latest / US News Today | 2 Min News | The Daily News Now!
Microsoft’s AI Bet Backfires | US News
Big Tech is pouring billions into AI — Microsoft alone spent over $700 billion this year — but the pressure’s on to turn a profit. After a brutal stock drop and massive Azure spending, Microsoft’s announcing layoffs, admitting its gaming division needs a reset, and even raising Xbox prices due to soaring memory chip costs. With AI automation threatening their software profits and Xbox revenue falling despite $20 billion in investments, Microsoft is now seriously considering spinning off or restructuring its gaming business. Listen in comfort:Get a discount on a Soli Pillow…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.