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Express News | OpenAI - We're Experiencing an Outage Right Now - X Post
Microsoft lost approximately $0.8 billion due to Cruise investment
Microsoft said on Wednesday that it expects to accrue impairment charges of about 0.8 billion US dollars in the second fiscal quarter, related to the company's minority investment in Cruise, an autonomous driving company owned by GM. The day before, GM said it would no longer fund this business because it was too expensive to develop this technology and set up a fleet. Microsoft announced a minority investment in Cruise in January 2021 as part of a $2 billion investment in the autonomous vehicle startup, which is mostly owned by GM. The move enabled Microsoft to take over the emerging connected car services market
The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars
The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, while Meta, Amazon, and Netflix all reached new highs. NVIDIA rose over 3%, Broadcom rose nearly 7%, Super Micro Computer once dropped over 8%, the decline of Chinese concepts narrowed, and Fangdd Network turned to rise over 11%. The U.S. November CPI confirms interest rate cut bets for next week, with a pause on rate cuts expected in January next year. The dollar and U.S. Treasury yields rebounded in a V-shape, while spot Gold reached its highest level in five weeks. The yen plunged below 152, while the offshore yuan once dropped over 300 points, falling below 7.29 yuan. After a significant interest rate cut by the Bank of Canada, the Canadian dollar and Canadian bond yields turned to rise, and oil prices increased by about 2%.
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Overnight U.S. stocks | The Nasdaq broke 0.02 million points, setting a historical high, and Musk became the first person in the world with a net worth exceeding 400 billion.
As of the close, the Dow Jones Industrial Average fell 99.27 points, a decrease of 0.22%, closing at 44,148.56 points; the Nasdaq rose 347.65 points, an increase of 1.77%, closing at 20,034.89 points; the S&P 500 Index rose 49.28 points, an increase of 0.82%, closing at 6,084.19 points.
Microsoft Flags $0.8M Writedown on Stake in GM-backed Cruise
Microsoft Options Spot-On: On December 11th, 264.42K Contracts Were Traded, With 2.65 Million Open Interest
Microsoft to Incur $800M Charge Tied to Cruise Robotaxi Program
Express News | Microsoft - Expect to Record Impairment Charge Due to GM's Intent to No Longer Fund Cruise's Robotaxi Development Work
Express News | Microsoft - Expect to Record an Impairment Charge of Approximately $800 Mln in Q2 of Fiscal Year 2025
Express News | Microsoft Corp - Shareholders Approve, on an Advisory Basis, Named Executive Compensation at AGM
Express News | Microsoft Corp - Shareholders Reject Proposal on Assessment of Investing in Bitcoin at Dec 10 AGM
Magnificent Seven Tech Titans Hit $18.2 Trillion Market Cap: Alphabet, Amazon, Apple, Meta, Tesla Jointly Notch All-Time Highs
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Is Microsoft Corporation (MSFT) the Best Quantum Computing Stock to Buy According to Hedge Funds?
It will take at least another 7 years! Microsoft's AI CEO rebutted Ultraman: current Hardware is insufficient, and AGI won't come that quickly.
The OpenAI CEO expects that AGI could be achieved by 2025, while the Anthropic CEO predicts a time frame of 2026-2027. Microsoft's AI leader Mustafa Suleyman emphasizes that current Hardware cannot achieve AGI, but believes that breakthroughs might occur during the iterations of Hardware technology over the next two to five generations, with a higher probability of reaching AGI within the next five to seven years.
OpenAI Gives Further Updates on ChatGPT Integration With Siri Amid Rollout