Microsoft Launches Its Product Event With An Emphasis On AI Gadgets

Microsoft began a product event on Monday, at which it is anticipated to introduce consumer gadgets and artificial intelligence (AI)-related gear and software. The Windows manufacturer is anticipated to unveil a new iteration of its Surface Pro tablet and Surface laptop, which will include Qualcomm chips built on Arm Holdings’ architecture, during the event on…

Genesis, A Cryptocurrency Lender, Will Refund $3 Billion To Clients During Bankruptcy Wind-Down

In a bankruptcy liquidation, cryptocurrency lender Genesis Global was approved by a judge on Friday to restore almost $3 billion in cash and bitcoin to its clients; as a result, its owner, Digital Currency Group, will not be able to recoup from the bankruptcy. Judge Sean Lane of the United States Bankruptcy Court accepted Genesis’…

By 2026, Chinese EV Manufacturer Xpeng Hopes To Launch Its First Flying Vehicle

The co-president of Xpeng AeroHT, an affiliate of Xpeng, said in an interview on Friday that the company hopes to deliver its flying automobile to consumers in 2026. The Land Aircraft Carrier, a large truck with an electric two-seater passenger drone inside, was unveiled by Xpeng AeroHT last year. After the flying vehicle and truck…

China’s Spending Declines With Disappointing Retail Sales And Investment Data

China released statistics on Friday that suggested stronger industrial activity but weaker consumer growth. April retail sales up 2.3% over the same month last year, according to the National Bureau of Statistics. That was less than the 3.1% rate recorded in March and less than the 3.8% gain predicted by a Reuters poll. April’s industrial…

Deal Between Microsoft And Mistral Manages To Avert Merger Investigation By British Regulators

The U.K.’s Competition and Markets Authority had earlier sought opinions on whether Microsoft’s AI relationship with Mistral qualified as a merger before finding no regulatory objections to the partnership. The transaction “does not qualify for investigation under the merger provisions of the Enterprise Act 2002,” the CMA stated in a brief statement on Friday. Microsoft…

Hundreds Of AI Employees At Microsoft In China Are Offered Migration Amid Tech Tensions Between US And China

Microsoft has allegedly encouraged China-based cloud computing and artificial intelligence operations personnel to consider migrating out of the country, as Washington pushes down on Beijing’s access to the advanced technology. The Wall Street Journal published the story on Thursday, citing unidentified sources to claim that the employees, who were primarily Chinese engineers, had been given…

China’s Baidu Surpasses Forecasts For Quarterly Revenue In Cloud And Ad Recovery

China’s Baidu exceeded analysts’ forecasts for first-quarter revenue on Thursday, thanks to increased demand for its AI-powered cloud solutions and a rebound in ad sales. The business, which operates the biggest search engine in China, reported revenue for the three months ended March 31 of 31.51 billion yuan ($4.37 billion), which was higher than the…