Tech industry
from24/7 Wall St.
13 hours agoMicrosoft Is Down 24% This Year While Spending $30B a Quarter on AI
Microsoft's stock is down 24% year-to-date amid concerns over AI infrastructure spending and a hiring freeze in its cloud unit.
The XuanTie C950 is equipped with a self-developed AI acceleration engine, and for the first time natively supports large models with hundreds of billions of parameters, such as Qwen3 and DeepSeek V3, potentially becoming a new type of high-end CPU for the AI Agent era.
"As a pioneer in both quantum and PQC, it's our responsibility to lead by example and share an ambitious timeline. By doing this, we hope to provide the clarity and urgency needed to accelerate digital transitions not only for Google, but also across the industry."
When asked whether he had been shown the door alongside Travis Kalanick, Michael answered with a single word: 'Effectively.' He resigned eight days before Kalanick did, as part of the fallout from a workplace investigation triggered by allegations of sexual harassment and gender discrimination at the company.