Microsoft aims to exceed an annual revenue run rate of $10 billion in its AI sector by the next quarter, as indicated by CEO Satya Nadella. The company invested approximately $14 billion in OpenAI, the creator of ChatGPT. Microsoft also plans to revive the Three Mile Island nuclear power plant in Pennsylvania. In the first quarter of fiscal year 2025, Microsoft reported a 22% increase in Cloud revenue, totaling $38.9 billion, with overall revenue reaching $65.6 billion, marking a 16% increase. Nadella noted that AI transforms workflows in various roles and business processes. Despite strong earnings, Microsoft shares declined by over 5% due to lower-than-expected cloud revenue growth forecasts. Nadella's compensation increased to $79.1 million from $48.5 million, after he requested a reduction following cybersecurity incidents. Microsoft recently laid off nearly 1,900 employees in its gaming division, maintaining a global workforce of around 228,000. Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.