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Tech major IBM lays off 3,900 employees after missing annual target
With the firing of 3,900 workers on Wednesday, IBM Corp. joined the "layoff campaign" alongside other tech companies. According to the IT hub, the asset divestments included a layoff campaign. The company failed its yearly cash target, which has dimmed the excitement over exceeding revenue projections in the fourth quarter. Chief Financial Officer James Kavanaugh said with Reutersthe, the company was still dedicated to hiring new employee for client-facing research and development. In an official statement, IBM claimed that the layoffs were associated to the separation of its Kyndryl company and a portion of Watson Health, its AI division. According to IBM Corp., the layoffs will result in a $300 million charge between January and March, and according to Reuters, its shares also dropped 2% in extended trade. According to Jesse Cohen, senior analyst at Investing.com, the market appears to be unimpressed by the scale of the company's planned job cuts, which only represented 1.5% of its staff. The analyst continued, “Investors were hoping for deeper cost-cutting measures" . In contrast to its expectation of $10 billion, IBM's cash flow in 2022 was $9.3 billion due to higher-than-anticipated working capital needs. IBM's sales growth for 2022 was 5.5%, the highest in a decade. Read the full article
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6 insights from Microsoft’s 2024 state of multicloud risk report to evolve your security strategy
Source: https://www.microsoft.com/en-us/security/blog/2024/05/29/6-insights-from-microsofts-2024-state-of-multicloud-risk-report-to-evolve-your-security-strategy/
Report: https://cdn-dynmedia-1.microsoft.com/is/content/microsoftcorp/microsoft/final/en-us/microsoft-brand/documents/2024-State-of-Multicloud-Security-Risk-Report.pdf
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Calling All Startup Founders: Meet Your Secret Weapon
Starting a business is exciting, but let’s be real—it’s also overwhelming. From building your product to finding customers, the to-do list never seems to end.
Enter Microsoft for Startups, a program designed to give your startup the resources it needs to scale smarter, faster, and bigger.
✨ Here’s what you get:
Free Azure Cloud Credits (up to $150,000!) for building and scaling your product.
Expert Tech Support to help you troubleshoot and optimize your solution.
Go-to-Market Benefits, including access to Microsoft’s Commercial Marketplace.
Global Network Access, connecting you to enterprise customers and partners.
Whether you’re working on AI, SaaS, or the next big thing, this program has the tools and support to help you succeed.
Sound like a fit? Check it out here:
#microsoft#tech#technology#students#coding#learning#artificial intelligence#ai#startup#entrepreneur#business
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Revolutionizing the Future: XR Technology Market to Reach $280 Billion by 2023 with Key Players Qualcomm, Microsoft Corporation, and Magic Leap Leading the Way
Revolutionizing the Future: XR Technology Market to Reach $280 Billion by 2023 with Key Players Qualcomm, Microsoft Corporation, and Magic Leap Leading the Way Revolutionizing the Future: XR Technology Market to Reach $280 Billion by 2023 with Key Players Qualcomm, Microsoft Corporation, and Magic Leap Leading the Way The world of technology is evolving every day, bringing a sea of opportunities for businesses. One of the most promising advancements in recent times is the emergence of Extended Reality (XR). The technology encompasses a wide range of technologies, including Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR). According to a recent report from MarketsandMarkets, the XR market is expected to reach $280 Billion by 2023, with a Compound Annual Growth Rate (CAGR) of 65.0% over the forecast period. Such growth is due to the increasing demand for XR technology in various sectors that include entertainment, education, and healthcare, as well as the development of supportive infrastructure for the technology. Key Players Leading the Way Qualcomm, Microsoft Corporation, and Magic Leap are among the top companies leading the XR technology market. Qualcomm's Snapdragon processors have been powering the majority of premium VR headsets, and the recent chip upgrade slated to launch by the end of this year will cater to the ever-increasing demand. Microsoft Corporation's HoloLens 2 is a prime example of AR technology in the enterprise sector, with its increased field of view and improved hand tracking system. Magic Leap, an XR startup known for its AR hardware, has received investments from big names such as Google, Andreessen Horowitz, and Alibaba, amongst many others, because of its unique mixed reality technology. The Entertainment Sector The entertainment industry continues to be a significant consumer of XR technology. Online gaming revenue has continued to surge with virtual reality, augmented reality, and mixed reality experiences. The XR technology has not only revolutionized gaming but has also created opportunities for interactive moviegoing experiences and theme parks. The technology has made it possible to watch movies and TV shows in VR, allowing viewers to immerse themselves in the content. The Education Sector XR technology has made it easier for educators to teach complex subjects. It has become one of the best ways to engage students, with its ability to create virtual field trips, interactive labs, and 3D modeling. The technology allows students to visualize concepts that are difficult to understand and enhances their learning experience. XR technology is an engaging and efficient way of teaching, and educators are beginning to see its potential. The Healthcare Sector The healthcare industry has been significantly impacted by XR technology. It has enabled doctors to train in a safe and controlled virtual environment. XR technology helps to improve surgical procedures and medical training, as well as patient education. The technology can also help to improve patient outcomes by using AR to superimpose vital patient information. #xrtech #Qualcomm #MicrosoftCorp #MagicLeap #AR #VR #MixedReality In conclusion, the growth of XR technology is unquestionable, and it's only a matter of time before it is fully integrated into mainstream society. The technology's applications are endless, and the XR market is expected to experience significant growth in the coming years. With companies like Qualcomm, Microsoft Corporation, and Magic Leap leading the way, the potential for XR technology is limitless. #BUSINESS Read the full article
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Microsoft earnings top $20 billion in a quarter for first time, stock heads toward record high Microsoft Corp. shares closed simply shy... Read the rest on our site with the url below https://worldwidetweets.com/microsoft-earnings-top-20-billion-in-a-quarter-for-first-time-stock-heads-toward-record-high/?feed_id=95778&_unique_id=61788ba1bc05c #ApplicationsSoftware #article_normal #CampEExclusionFilter #CampEIndustryNewsFilter #computers #ComputersConsumerElectronics #Computing #consumerelectronics #ContentTypes #corporate #CorporateIndustrialNews #disruptions #Earnings #EarningsProjections #FactivaFilters #FinancialPerformance #industrialnews #InternetSearchEngines #MicrosoftCorp. #MSFT #newproducts #NewProductsServices #OnlineServiceProviders #products #ProductsServices #SalesFigures #services #sharepricemovement #SharePriceMovementDisruptions #software #technology
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Microsoft Corp (NASDAQ:MSFT) And FedEx Corporation (NYSE:FDX) Announce Logistic and Tech Partnership
Microsoft Corp (NASDAQ:MSFT) and FedEx Corporation (NYSE:FDX) have announced a multiyear joint partnership that will help the companies in transforming commerce using Microsoft’s cloud and FedEx’s logistics platform. FedEx partners with Microsoft to take on Amazon The partnership will see the companies working that together in developing new products as they align against e-commerce giant Amzon.com Inc. (NASDAQ:AMZN). Amazon has been leveraging its tech capabilities as it creates its logistics and delivery infrastructure. Last year FedEx terminated air shipping and ground contracts with Amazon, which was expanding its delivery services. FedEx and Amazon have increasingly become competitive against each other regarding the shipping of goods. Despite the termination of the contract with Amazon, FedEx still gets business from the e-commerce giant, especially from third-party sellers who prefer shipping with FedEx. However, Amazon will eventually have its shipping infrastructure and stop depending on third parties. The companies indicated that their first service will be FedEx Surround expected to offer real-time delivery and supply chain analytics to enable companies to enhance the shipping of goods. They will leverage Microsoft's Azure platform, which is ranked the second public cloud behind AWS and also use Microsoft's Dynamics 365 that competes with business software platforms such as Salesforce.com Inc. (NYSE:CRM). FedEx's new service to help business in predicting issues in shipment For now, details of the partnership have not been revealed, and it is not clear on the amount FedEx will pay Microsoft to use its cloud. The offering from the partnership expected sometime this year will use the IoT tech of FedEx in data collection and employ Microsoft's collection of services in analyzing the data. This will help in predicting issues likely to slow down shipping, such as clearance issues and severe weather. As a result, this will help companies in diverting shipments and changing routes for quick delivery. FedEx CEO Fred Smith indicated that the company has been developing granular commerce information for decades both domestically and globally as well as in industry SIC and local level. They will use the data in FedEx Surround to make the sales and inventory process discreet and focused. Read the full article
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Design app Canva doubles valuation to $6 billion, plans US expansion
Melanie Perkins, Co-founder & CEO, Canva, on creatiff Stage during the opening day of Web Summit 2019 at the Altice Arena in Lisbon, Portugal, November 5, 2019.Eóin Noonan | Sportsfile | Getty ImagesCanva has raised $60 million in an investment round that values the Australian design start-up at $6 billion, almost double what it was worth when it last raised capital in October.The investment round was co-led by Blackbird Ventures and Sequoia China, while other existing backers such as Bond — the venture fund co-founded by former tech investment banker Mary Meeker — and Felicis Ventures also bought new shares.Sydney-based Canva has surged in popularity thanks to its easy-to-use app with free templates for designing everything from logos to Instagram posts. The platform now has over 30 million monthly active users across 190 countries, who have collectively made over 3 billion designs to date.But it's Canva's paid offerings, Canva Pro and Canva for Enterprise, that have become the main revenue generators for its business. The company is taking on industry giants like Adobe and Microsoft while, at the same time, aiming to make design and publishing more accessible than platforms from larger rivals.US expansionCanva, which was previously challenging its U.S. rivals from abroad, is now looking to open a new office in Austin, Texas.While Read the full article
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Your elevator pitch ain't more than 10 seconds. Always rehearse your best words if you intend to win someone over. Today's world appreciate brevity #brevity #Peodavies #MicrosoftCorp #10seconds #Promoterofgoodworks #liveyourpassion #publicrelations #publicaffairs #PR #Infographics #agencylife #mediatrainer #mediatactics #media #communicationstrategy #prconsultantlagos https://www.instagram.com/p/B22WMRblf52/?igshid=p2ubtlaxkobq
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After a dazzling 2021, Apple and Tesla stocks are expected to be duds in 2022 A report from Goldman Sachs reveals how ... Read the rest on our site with the url below https://worldwidetweets.com/after-a-dazzling-2021-apple-and-tesla-stocks-are-expected-to-be-duds-in-2022/?feed_id=141335&_unique_id=61be13f9a7318 #AAPL #accounting #AccountingConsulting #AgriculturalMachinery #AlphabetInc.ClA #AlternativeFuelVehicles #analystcomment #AnalystCommentRecommendation #AppleInc. #ApplicationsSoftware #article_normal #Automotive #business #BusinessConsumerServices #CampEExclusionFilter #CampEExecutiveNewsFilter #commentary #CommentaryOpinion #commodity #CommodityFinancialMarketNews #computers #ComputersConsumerElectronics #Computing #consulting #consumerelectronics #consumerservices #ContentTypes #corporate #CorporateIndustrialNews #dealing #Ecommerce #Energy #EquityMarkets #FactivaFilters #FinancialInvestmentServices #financialmarketnews #FinancialServices #generalnews #GOOGL #GraphicsIntegratedCircuits #HealthCare #i82 #IndustrialElectronics #IndustrialGoods #industrialnews #Insurance #IntegratedCircuits #internet #InternetSearchEngines #InternetOnlineServices #investing #InvestingSecurities #Lifestyle #living #LivingLifestyle #logistics #Machinery #MicrosoftCorp. #MotorVehicles #MSFT #NonlifeInsurance #NVDA #NVIDIACorp. #onlineservices #Opinion #PersonalFinance #PersonalTechnology #Pharmaceuticals #political #PoliticalGeneralNews #railtransport #Railroads #recommendation #Retail #RetailWholesale #road #RoadRailTransport #securities #securitybrokering #SecurityBrokeringDealing #Semiconductors #software #technology #TeslaInc. #Transportation #TransportationLogistics #TSLA #wholesale #Wholesalers
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Bill Gates says US Covid testing has ‘mind-blowing’ problems
Bill Gates says US Covid testing has ‘mind-blowing’ problems
By: Bloomberg | Published: August 10, 2020 12:46:16 am
Gates cited long lines at commercial labs and delays in obtaining test results, meaning that “you pay as much for the late result as the timely result.” (File)
MicrosoftCorp. founder and billionaire philanthropist Bill Gates said it’s “mind-blowing” that the US government hasn’t improved
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Stock futures are mildly higher after Dow and S&P 500 close at records
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