Microsoft

Big tech bests analys expectations after largely missing estimates over the last four quarters

Analysts say gains are largely linked to firms with AI technologies and are concerned by market’s extreme imbalance

With the potential for AI to reshape how we all live our lives, and for millions of jobs to be lost to automation, there are much bigger issues at stake

Strong tech results ease Wall Street concerns about lenders

Competition and Markets Authority says tech giant failed to assuage concerns about the cloud gaming market

Uptick driven by growth in cloud computing

Tech giant makes concession in an attempt to avoid formal EU antitrust investigation and follows complaint by rival Slack

Credit Suisse reported client outflows of €64 billion in first quarter

In previous years where Nasdaq gained 10%-25%, median number of stocks accounting for half those gains was three

The temptation over time to come to unquestioningly accept the machine response is a big danger

Mega-cap strength is masking broader weakness across stock market indices

Tech giant Apple is probably behind bulge in March figures as receipts from business tax look set to eclipse last year’s record total

Microsoft Ireland Operations Ltd saw its profit rise as demand from customers drove organic growth

Critics claim the technology carries alarming risks and needs better governance

Communications watchdog Ofcom ‘particularly concerned’ over practices of tech giants that dominate cloud market

Apple, Microsoft, and Alphabet account for almost all of S&P 500′s gains in the first quarter

Outsize weighting in big stocks such as Apple and Microsoft masks broader market weakness

IDA Ireland survey shows 500% increase in share of AI talent between 2016 and 2022

Ireland ranks fourth highest in Europe for requests in relation to criminal investigations, civil or administrative cases

In response, Microsoft says it has a healthy number two position in cloud services, with just over 20% share of global services revenues

Google Cloud vice president Amit Zavery has urged EU antitrust regulators to take a closer look at issue

More than 1,000 researchers and executives sign open letter to halt what they describe as a ‘dangerous’ arms race

Cost-cutting has left workers drowning in ‘self-service’ admin tasks — but AI might come to the rescue

Minister for Enterprise Simon Coveney informed of collective redundancy plan as outsourcing giant moves to shrink global workforce by 19,000 people

Surprise reversal clears substantial roadblock to approving tech giant’s acquisition of Call of Duty maker

Dublin-based building services company now plans to increase turnover by 30% and grow staff to more than 100

Latest lay-offs add to 18,000 staff culled in January as company cuts costs following tech downturn

Xbox boss Phil Spencer says store could launch as soon as next year if regulators clear Activision Blizzard deal

CSO’s new dataset on monthly estimates of payroll employees points to continued momentum in economy

Latest job losses are linked to January announcement of 10,000 job cuts worldwide

While job losses in Irish tech sector have been relatively ‘small’ to date, economy remains sensitive to fortunes of specific firms

Employers such as Goldman Sachs, Meta and Ford need to avoid lasting damage to morale as they axe jobs

As it moves its Dublin HQ into new offices, the US company is bucking the downward tech trend by continuing to hire and expand

Some complaints were around responses from older model of Bing chatbot

Business Today: the best news, analysis and comment from The Irish Times business desk

Justices will weigh in for the first time on law that shields tech platforms from liability for content published on their sites

Two-hour conversation with journalist raises concerns about AI’s capabilities, as chatbot says it ‘wants to be human’

Microsoft’s chatbot repeatedly told me it loved me and tried to convince me I was unhappy in my marriage

Alphabet shares lost $100bn in value last week after Google’s chatbot Bard made an error in a promotional video

Business Today: the best news, analysis and comment from The Irish Times business desk