The Next Web:
In a surprise announcement, Microsoft has partnered with major bookseller Barnes & Noble, forming a new venture that will operate to “accelerate the transition to e-reading, which is revolutionizing the way people consume, create, share and enjoy digital content.”
Barnes & Noble has formed a new subsidiary, of which it will own 82.4%, pushing e-reading technologies including via its Nook Digital and College Businesses.
As part of the deal, Microsoft has invested $300 million into ‘Newco’, a temporary name for the company that Barnes & Noble has yet to agree. Its 17.6% equity stake comes at a post-money valuation of $1.7 billion.
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.
Microsoft has made it easy for iPhone users to check their mobile updates on Windows-enabled computers.
