Days after massive layoffs, Satya Nadella's Microsoft hits jackpot, earns 6541882500000 in…, profit beats…
The software giant said its fiscal fourth-quarter profit was $34.3 billion, or $3.65 per share, beating analyst expectations for $3.37 per share.
It posted revenue of $76.4 billion in the April-June period, up 18 per cent from last year. Analysts polled by FactSet Research had been looking for revenue of $73.86 billion. Microsoft's Massive Layoffs
Microsoft CEO Satya Nadella told employees last week the layoffs were 'weighing heavily' on him but also positioned them as an opportunity to reimagine the company's mission for an AI era.
Promises of a leaner approach have been welcomed on Wall Street, especially as Microsoft and other tech giants are trying to justify huge amounts of capital spending to pay for the data centres, chips and other components required to power AI technology.
Google said after releasing its earnings last week, it would raise its budget for capital expenditures by an additional $10 billion to $85 billion. Microsoft is expected to outline similar guidance soon.
(With Inputs From Agencies)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
28 minutes ago
- Mint
India seen as OpenAI's top user hub with GPT-5 boost: Sam Altman
New Delhi: India is set to surpass the US as OpenAI's largest user hub with the rollout of GPT-5, its newest foundational artificial intelligence (AI) model that offers wider acceptability with improved support for 12 Indian languages, chief executive Sam Altman said on Wednesday. The startup expects this growth even as India itself is pursuing homegrown foundational AI models. 'India is our second-largest market in the world after the US, and will be our largest market worldwide soon as it is growing very fast. We're keen on bringing our products to the market with a special focus," Altman told Mint in an interaction on the eve of the company's launch of its next generational jump in technology. OpenAI has more than 700 million people using ChatGPT every week globally, Altman said. The company does not detail a region wise break-up of its userbase. "Indian users are incredible in the way they are integrating AI into their lives, as well as businesses. Now, we're working with local partners in India to make AI work-ready for everyone, and we are also exploring ways to make AI more affordable for all," he said. Generative pre-trained transformer (GPT) was the first mainstream foundational AI model to become popular, when OpenAI launched generative artificial intelligence application, ChatGPT, in October 2022. Since then, OpenAI and ChatGPT became household names, and generative AI disrupted industries around the world. India is one of the world's largest markets for the technology, thanks to over 17 million developers and a $280 billion-plus software outsourcing industry. GPT-5, the foundational model that underpins OpenAI's innovation, marks the fourth major AI model that the company has unveiled in less than three years: GPT-3.5 upon ChatGPT's launch, GPT-4 in March 2023, GPT-4o in May last year, and now, GPT-5. Foundational models are algorithms trained on massive data troves that are capable of understanding common speech, reasoning based on inputs, and responding with what Altman said are 'research-grade answers". With its young demographics and expertise in IT services, India has emerged as an increasingly important market for global AI firms. Earlier this year, Google made a big splash for India's developer base with its own foundational model, Gemini 2.5. Last month, the company also held a developer conference in Bengaluru, as Big Tech firms doubled down to capture bigger chunks of the India market. In February this year, during Altman's visit, Mint had reported that the company was starting localization of user data in India in anticipation of the upcoming Digital Personal Data Protection Act, 2023. He said GPT-5 'significantly improves multilingual understanding across 12 Indian languages, including regional ones. India is a priority market for us, and our latest model shows clear gains in major Indian languages." Altman added that the latest model is 'a significant step along OpenAI's path to AGI (artificial general intelligence)". And it comes with the ability to 'write good, instantaneous software; one of GPT-5's defining features will be to write good software applications on demand," he said. Until press time, the company was yet to disclose the said performance jumps. GPT-4o, OpenAI's last major AI model, officially supported 10 Indian languages, including Bangla, Hindi, Punjabi and Tamil. The launch of GPT-5 comes at a time when India's ministry of electronics and information technology (Meity) is funding four startups to build native foundational models from scratch. Industry stakeholders, however, believe that the market will continue to remain lucrative for OpenAI, at least for now. 'Let's not forget that India's sovereign AI models' strategy is fairly new, compared to Big Tech's work on technologies that power the latest AI models. They also have deeper pockets, and it's not surprising that models like GPT-5 and Gemini will perform well even in many Indian languages," said Kashyap Kompella, AI analyst and chief executive of technology consultancy firm RPA2AI Research. "India's work on local AI models and investments should continue with a long-term focus if the ultimate goal for us is to not be dependent solely on AI built outside the country." He said GPT-5 will be 'watched closely to see if they catch-up in performance on use cases like coding and video". 'OpenAI is already leading in conversational and reasoning models. Among the general public, the reputational advantage of ChatGPT is unmatched, and we expect OpenAI to be the bellwether in AI," Kompella added. Bringing in another perspective, Anushree Verma, senior director analyst, emerging technologies at Gartner, said OpenAI's India focus 'is largely consumer-centric, purely out of India's population advantage". 'Enterprises in India are still at a nascent stage of adoption, which is why in terms of monetization potential, India may still be a relatively small market," she said. "That said, for enterprises adopting AI with vernacular language workloads, the likes of GPT-5 and Gemini-2.5 will offer significantly greater trust and security than a smaller startup. This explains OpenAI's focus on India, and their expectation of seeing sustained growth here."
India Today
an hour ago
- India Today
Gemini adds Guided Learning mode with step-by-step help, flashcards and more to take on ChatGPT
Google is giving its Gemini app a useful update, especially for students and anyone trying to learn something new. A new mode called Guided Learning is being rolled out, and it's designed to do more than just give out plain answers. Instead of giving you a quick response and moving on, Gemini now tries to explain things step by step, similar to how a tutor would help in real life. So, whatever the topic or whether you want to start an essay, Gemini will try to guide you through the problem. It'll ask follow-up questions, check if you're getting the point, and adjust its answers based on how you Guided Learning feature is powered by LearnLM, a new model that Google developed with input from teachers, scientists, and education experts. The idea is that people don't learn properly when they're just handed answers. So Gemini now focuses on actually helping you learn, not just helping you cheat on this, Gemini is also getting new tools like flashcards and personalised study guides. If you're revising for a test or just trying to remember key points, it can automatically generate flashcards based on your questions, class notes, or quiz results. It can also put together study guides that fit your learning pace and needs. And when you're dealing with something complicated, like the water cycle, cell biology, or climate change, Gemini will try to make it easier to understand using visuals. That means diagrams, images, and even relevant YouTube videos will show up to help explain things more update is rolling out just in time for the new school year in many countries, and it also seems to be Google's way of competing more directly with ChatGPT, especially in the education space. AI tools like these are becoming popular for homework help, test prep, and learning new skills, and Google clearly wants Gemini to be seen as more than just a go with the launch, Google is also bringing back its free one-year access to Gemini Advanced for students in a few countries, including the US, Brazil, Japan, Indonesia, and Korea. If you're a university student with a .edu email address, you'll get access to extra tools like Gemini 2.5, NotebookLM for organising study material, and even Veo, which turns text into short videos. There's also Jules, a coding assistant who helps with programming tasks.- Ends
Deccan Herald
2 hours ago
- Deccan Herald
Poco teases M7 Plus with 7,000mAh battery ahead of launch
Xiaomi subsidiary Poco has teased the upcoming new phone, M7 Plus, on the social media platform in build curiosity among prospective buyers, Poco has confirmed that the upcoming Android phone M7 Plus will come with a massive 7,000mAh also adds that the battery will come with Silicon Carbon technology. With this, the battery cells will be able to hold on to the power-carrying capacity longer than conventional phones in the market. Also, it will support reverse charging as Gemini AI app can now create illustrated storybooks with audio a full charge, it will be able to support 27 hours of video streaming, and people will be able to use navigation apps such as Google Maps for close to 12 hours on a company added that the Poco M7 Plus will be the slimmest phone with a 7,000mAh battery. It is slated for launch on August 13 in M7 5G review: Decent budget a related development, Xiaomi's REDMI is also expected to bring a new Redmi 15 series phone later this month on August is also expected to come with a 7,000mAh battery. The company also revealed that the Redmi 15 will be powered by Qualcomm Snapdragon 6s Gen 3 octa-core processor and run Android 15-based HyperOS 2. It will sport a big 6.9-inch full HD display and support up to 144Hz refresh rate, and come with Eye Safe 2025: Top smartphones launching this the latest news on new launches, gadget reviews, apps, cybersecurity, and more on personal technology only on DH Tech.
