Satya Nadella, CEO of Microsoft. Bernd Von Jutrczenka | picture alliance | Getty Images Microsoft on Tuesday said it will pay a one-time performance-based cash award of up to 25% of annual bonus to rank-and-file employees. Salaried and hourly workers at the senior director level and below will be eligible for the award, Kathleen Hogan, … Read more
Microsoft CEO Satya Nadella speaks during the company’s Build developer conference in Seattle on May 21, 2024. Jason Redmond | AFP | Getty Images Microsoft is scheduled to report fiscal fourth-quarter earnings after U.S. market close on Tuesday. Here’s what analysts polled by LSEG are looking for: Earnings per share: $2.93 Revenue: $64.39 billion Microsoft … Read more
Delta has hired prominent attorney David Boies to seek damages from CrowdStrike and Microsoft following an outage this month that caused millions of computers to crash, leading to thousands of flight cancellations. CrowdStrike shares fell as much as 5% in extended trading on Monday after CNBC’s Phil Lebeau reported on Delta’s hiring of Boies, chairman … Read more
The Dexcom logo is seen on a smartphone screen and in the background. Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Shares of Dexcom tumbled more than 33% in after-hours trading Thursday after the diabetes management company reported disappointing revenue for the second quarter and offered weak guidance. Here’s how the company did: … Read more
Arvind Krishna, CEO of IBM, arrives for the Inaugural AI Insight Forum in Russell Building on Capitol Hill, on Wednesday, September 13, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images IBM shares rose 5% in extended trading on Wednesday, after the company reported second-quarter results that surpassed analysts’ predictions. Here are the key … Read more
DeepL CEO Jaroslaw “Jarek” Kutylowski. DeepL German artificial intelligence translation startup DeepL on Wednesday launched traditional Chinese as a language option as it looks to expand its presence in Asia. DeepL, one of Europe’s high-profile AI companies valued at $2 billion, sells translation software aimed at businesses rather than everyday consumers. Traditional Chinese is a … Read more
Passengers seen waiting after a major disruption in Microsoft Corp.’s cloud services caused widespread flight cancellations and delays at T3 IGI Airport in New Delhi, India, on July 19, 2024. Vipin Kumar | Hindustan Times | Getty Images Republican representatives on Monday called on CrowdStrike CEO George Kurtz to testify in front of the House Committee … Read more
George Kurtz, president CEO and Co-Founder at CrowdStrike speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 21, 2019. Mike Blake | Reuters CrowdStrike shares slipped as much as 13% on Monday morning, as the cybersecurity software company continued to help clients across industries recover from an outage that took millions of … Read more
When computer screens went blue worldwide on Friday, flights were grounded, hotel check-ins became impossible, and freight deliveries were brought to a stand-still. Businesses resorted to paper and pen. And initial suspicions landed on some sort of cyberterrorist attack. The reality, however, was much more mundane: a botched software update from the cybersecurity company CrowdStrike. “In … Read more
Anthropic and one of its biggest investors are taking a page from Apple’s playbook. The artificial intelligence startup and Menlo Ventures are launching a $100 million fund on Wednesday to back early-stage startups, and get them using the AI company’s technology. Menlo will put up the cash to invest in the startups, while Anthropic will … Read more
