At the age of 40, some think that Microsoft should just defer to the new kids on the block and become a elderly statesman of still-massive profits and yet declining clout.
Not so fast.
The cloud story at Microsoft is finally starting to have an effect on the company’s earnings, pleasantly surprising investors who are alarmed about fast declining Windows revenues. Earnings per share of $0.61 and revenue of $21.73 billion smashed expectations of $0.51 and $21.06 billion, respectively.
And, for once, some of what it can do looks genuinely useful.
Microsoft is laying off more employees, a new round after they cut thousands last year. It seems like many big tech companies are doing the same.
Amidst the AI frenzy of 2023, major players like Google, Microsoft, and Meta are in the spotlight, launching their own generative AI systems.
