In a bold move that underscores its financial strength and commitment to shareholders, Microsoft Corporation has announced a massive new $60 billion share buyback program. This decision comes as the tech giant ramps up its spending on artificial intelligence (AI) and seeks to showcase the returns on its investments. The company has also revealed a […]
Firstsource Solutions Limited, a provider of business process services, has announced a strategic collaboration with Microsoft to offer advanced digital transformation services powered by artificial intelligence. This move aims to leverage Microsoft Azure OpenAI to drive innovation and operational efficiency across multiple industries, significantly boosting Firstsource’s capabilities to deliver tailored, cutting-edge solutions worldwide. Firstsource and […]
OpenAI, a pioneer in artificial intelligence research and development backed by Microsoft, has continued to push the boundaries of AI technology, achieving significant milestones and introducing groundbreaking innovations in 2024. Among its most notable achievements is surpassing one million paying business users for its suite of enterprise AI services, which include ChatGPT Enterprise, ChatGPT Team, […]
Nvidia, the leading AI chipmaker, is facing a steep decline in its market capitalization, now valued at approximately $2.02 trillion. This comes as the United States Department of Justice (DOJ) intensifies an antitrust investigation into Nvidia’s business practices, which has raised serious concerns among investors. The DOJ’s probe focuses on allegations that Nvidia penalizes customers […]
Intercede, a leading cybersecurity software company specializing in digital identities and strong authentication, has announced a strategic partnership with Microsoft to bring advanced FIDO Passkey management to enterprise environments. This collaboration aims to streamline the management and deployment of FIDO Passkeys, integrating Intercede’s Credential Management Systems (CMS) with Microsoft’s Entra ID. The partnership enables administrators […]
Intellect Design Arena Ltd, a global leader in enterprise-grade financial technology solutions, has officially opened its new Global Partnership Office in Bengaluru, India. This strategic move highlights Intellect’s commitment to expanding its partnership-driven growth and reinforcing its position in the financial technology sector. The new office, situated in Bengaluru’s thriving tech hub, will act as […]
In a bold leap forward in digital security, Microsoft has fully launched Face Check, an innovative identity verification tool integrated within its Microsoft Entra Verified ID framework. First previewed in February 2024, this advanced facial recognition technology is now available as both a standalone product and a crucial element of the Microsoft Entra Suite. This […]
Microsoft Corp. has revealed outstanding financial results for the quarter ending June 30, 2024 (Q4 FY24). The company reported revenue of $64.7 billion for the quarter, reflecting a 15% increase compared to the same period last year, or 16% when adjusted for constant currency. Operating income reached $27.9 billion, marking a 15% year-over-year increase (16% […]
HCLTech, a leading global technology company, has unveiled its new initiative: the HCLTech Enterprise AI Foundry on Microsoft Azure. This groundbreaking platform is designed to empower enterprises to integrate their data and AI assets with Microsoft’s Azure Data & AI services, facilitating accelerated AI-driven transformation and enhancing business outcomes. The launch marks a significant step […]
Microsoft Corp. has unveiled collaborations with leading academic medical institutions Mass General Brigham, the University of Wisconsin School of Medicine and Public Health, and its associated health system, UW Health. This strategic move aims to tackle some of the most pressing challenges in radiology and advance artificial intelligence (AI) in medical imaging, promising to enhance […]