Microsoft is set to significantly increase its investment in AI infrastructure in the coming fiscal year, despite experiencing slower growth in its cloud business. This move highlights that the benefits of substantial investments in AI technology may take longer to materialize than anticipated by...

Britain's antitrust watchdog, the Competition and Markets Authority (CMA), has announced an investigation into Google-parent Alphabet's partnership with artificial intelligence startup Anthropic, scrutinizing its potential impact on competition. The CMA's move comes amid growing global concerns...

Pfizer raised its annual profit forecast on Tuesday, buoyed by its $43 billion acquisition of Seagen and strong sales of its heart disease and cancer treatments, despite facing a significant revenue decline from COVID-related products.   The company’s focus has shifted away from its COVID-19...

Toyota is bracing for a significant increase in operating profit despite facing production challenges and declining output. The automaker is expected to report a 21% rise in operating profit for the first quarter, reaching 1.35 trillion yen ($8.7 billion), driven by a weaker yen and strong demand...

Investors will want to see if Meta Platforms' expenditure on artificial intelligence is beginning to pay off. The company is likely to post a 20% increase in quarterly revenue, aided by high ad sales spurred by the Olympics and elections in numerous countries.   The social media behemoth is...

The largest initial public offering (IPO) in India this year, expected to draw significant international investors and demonstrate rising trust in the country's financial markets, was announced by e-scooter producer Ola Electric on Monday. The company said it intended to raise $734 million in this...

McDonald's revealed a startling dip in global sales on Monday, the company's first decline in 13 quarters, as budget-conscious customers avoid more expensive menu items like Big Macs.   Lower-class customers are being compelled by persistent inflation to switch to more reasonably priced...

When Microsoft releases its earnings on Tuesday, investors will be left with one major question: has the company's Azure cloud computing business grown sufficiently to warrant spending billions of dollars on artificial intelligence infrastructure?   Thanks to its partnership with ChatGPT...

In an attempt to keep the broadcast rights for a series of live games, Warner Bros. Discovery has filed a lawsuit against the NBA.   The company's TNT Sports division released a statement saying, "We have taken legal action to enforce our rights, given the NBA's unjustified rejection of our...

Seven banks, including Barclays, NatWest, and Lloyds, have agreed to share customer data with the National Crime Agency (NCA) as part of the largest-ever global initiative to combat money laundering, criminal gangs, and the movement of "dirty money" across the nation.   A year ago, Reuters...

The richest man in France, Bernard Arnault, who also serves as the CEO of the upscale conglomerate LVMH, spent around 150 million euros ($163 million) to become the exclusive sponsor of the Paris Olympics. His products were the focal point of an extravagant display that was watched by people all...