March 25 (Reuters) - Microsoft had named Pavan Davuluri as its new chief for Windows and Surface, The Verge reported on Monday, citing an internal memo.
(Reporting by Surbhi Misra in Bengaluru; Editing by Sherry Jacob-Phillips)
This little-known software stock could soar as businesses spend more on generative artificial intelligence.
If it feels like TikTok has been around forever, that's probably because it has, at least if you're measuring via internet time. Starting in 2017, when the Chinese social video app merged with its competitor Musical.ly, TikTok has grown from a niche teen app into a global trendsetter. On Wednesday, President Joe Biden signed legislation requiring TikTok parent ByteDance to sell to a U.S. owner within a year or to shut down.
(Reuters) -Microsoft beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by gains from adoption of artificial intelligence across its cloud services, and the company's shares jumped more than 4% in extended trade. Executives forecast ranges for current quarter cloud revenue that were mostly above Wall Street targets. The rise in Microsoft shares after the bell lifted the company's stock market value by $128 billion as profit and revenue growth overshadowed its higher-than-expected capital expenditures.
Microsoft’s revenue and profit rose last quarter as artificial intelligence bolstered demand for its software and cloud services.
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