Microsoft on Tuesday reported its slowest quarter of sales growth in six years as the company deals with a cooling economy and a slowing PC market. Quarterly revenue of $52.7 billion came in slightly below Wall Street estimates, though its adjusted per-share earnings slightly topped expectations.
Between the lines: Its earnings report comes less than a week after Microsoft said it was cutting 10,000 employees, or less than 5% of its staff. Microsoft also announced in recent days it is investing billions more in OpenAI to incorporate that company's generative AI products like ChatGPT and Dall-E into various Microsoft products.
The demand for cyber workers kept steady in recent months as the broader tech industry suffered from a wave of cost-cutting layoffs, according to data published today.
Why it matters: Cybersecurity job openings present a bright spot in an otherwise grim hiring outlook for the tech sector.
Why it matters: It took an artist as big as Taylor Swift to get the conversation about why Ticketmaster controls so much of the live event industry going again, and now lawmakers have their sights on Live Nation, the site's parent company.
New York, a state known for having the most onerous operating requirements, is putting digital asset firms on notice: Don't trip up.
Driving the news: The Department of Financial Services (NYDFS) yesterday reiterated custody and disclosure requirements for holders of its BitLicense and limited purpose trust charter. It's the second such reminder in two months.
The Justice Department and eight states on Tuesdayfiled an antitrust lawsuit against Google's parent company Alphabet, accusing the tech giant of illegally abusing its dominance in digital advertising and violating the Sherman Antitrust Act.
Why it matters: It's the second major antitrust lawsuit filed against Google by the Justice Department in the last three years, and if successful it could force Google sell off much of its ad business.
Japan's crypto exchanges have different rules than exchanges in other parts of the world.
Why it matters: FTX Japan, by all reports, didn't come up short on customer funds, and that could be attributed to the more stringent laws in place for how exchanges in Japan operate.
Organizers of this year’s Game Developers Conference (March 20-24) are expecting about 24,000 attendees this year, up from last year but down from pre-pandemic totals.
Driving the news: GDC 2023 will come the closest the show has to its pre-COVID-19 incarnation.
Riot Games, the developer of well-known video games League of Legends and Valorant, said Tuesday that hackers recently stole the source code for some of its most popular games in a recent breach.
Driving the news: Riot Games has been responding to a so-called social engineer attack since last week.
The nation's cyber defense agency has drafted up a plan for schools to beef up their cybersecurity operations in a highly anticipated report first shared with Axios and released this morning.
Why it matters: Schools have been inundated with ransomware attacks and other cyber incidents in recent years — but with smaller security budgets and fewer security personnel, they've struggled to respond.
Utah Gov. Spencer Cox and Attorney General Sean Reyes on Monday threatened to sue social media companies in an effort to "protect" children and teenagers.
Details: During a news conference at the state Capitol, the GOP governor said social media is negatively impacting the mental health and well-being of young people by distracting them, disrupting sleep schedules and exposing them to harmful content.
Google is seeking to dismiss a lawsuit from the Republican National Committee accusing the tech giant of bias in its handling of email, as it ends a pilot program that allowed senders of campaign emails to bypass users' spam folders, per a filing seen by Axios.
Why it matters: Conservatives remain angry with Google, which they believe has unfairly marked their campaign messages as spam, and they now control one house of Congress.
The big picture: For years, automation was perceived as a threat mostly to physical labor and operations work, not creative types, but the latest wave of AI has flipped that script.
Impressive as ChatGPT is, its current version has some severe limitations, as even its creators acknowledge.
The big picture: The AI tool can put together answers to a lot of questions, but it doesn't actually "know" anything — which means it has no yardstick for assessing accuracy, and it stumbles over matters of common sense as well as paradoxes and ambiguities.
There's a reason ChatGPT was the talk of this year's Davos forum: Everyone is trying to make sense of what the technology will mean for their corner of the world.
Even tech experts are shocked at just how fast generative AI tools have matured.
For all the talk about the power of ChatGPT, Dall-E 2 and the like, the generative AI era is only at its inception. Here's what's coming down the road.
The applications will get much more specific. As powerful as it is, ChatGPT and its art-generating peers are generic. The real power, many say, will come as businesses combine such AI tools with their own data.
Elon Musk admitted in court on Monday that he wanted Tesla shareholders to rely on his infamous 2018 tweet that he had "funding secured" to take the automaker private, despite his repeated attempts to say that he only believed he could secure the money.
Why it matters: One of the questions the jury is tasked with deciding is whether the Tesla CEO's tweets were material — that is, significant information that could impact investor decisions.
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