Facebook and Microsoft released earnings after the Closing Bell today. The two tech companies beat expectations for both revenue and earnings per share.
Microsoft saw growth across the board, including in their cloud sector. Intelligent Cloud revenue rose 15% to $7.8 billion.
For Facebook, the social media still had strong earnings despite changing their news feed algorithm. Despite wins on both revenue and EPS, shares fell after the bell.
Keenan Beasley is the co-founder of BLKBOX, a marketing and intelligence agency that works closely with Facebook. Beasley joins Cheddar to give his take on Facebook earnings. Beasley is impressed by the increase of active users and believes ad revenue will just continue to grow. Beasley expects Facebook to produce less ads, but each advertisement will be more valuable, more expensive to buy, and therefore create higher profits for Facebook.
Microsoft has fired two employees who interrupted the company’s 50th anniversary celebration to protest its work for Israel.
Apple is fighting a British government order for the iPhone maker to provide backdoor access to a cloud data privacy feature.
Microsoft founder Bill Gates still fondly remembers the catalytic computer code he wrote 50 years ago that opened up a new frontier in technology.
A company that specializes in early wildfire detection has developed a new, AI-based drone.
The trend highlighted ethical concerns about artificial intelligence tools trained on copyrighted creative works.
The charismatic founder of a startup company that claimed to be revolutionizing the way college students apply for financial aid, was convicted on Friday.
A federal judge has ruled that The New York Times and other newspapers can proceed with a copyright lawsuit against OpenAI and Microsoft.
A magazine journalist’s account of being added to a group chat of U.S. national security officials has raised questions about the Signal app.
The next time you get a call about an upcoming medical appointment you may not be talking to a human. Hospitals are increasingly using AI assistants.
Schools are turning to AI-powered surveillance technology to monitor students on school-issued devices like laptops and tablets. But there are risks.
