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BBCNEWS World Business Report June 4, 2024 04:31:00

Microsoft and google s parent company alphabet are major players in a field that continues to drive profits. microsoft s quarterly profits grew thanks to the strength of its cloud computing unit. sales from microsoft s intelligent cloud business, its biggest revenue driver, grew 15% from this time last year to $24 billion but that was perhaps less than wall street was hoping for because its share price initially traded lower. focusing on the company s big bet on artificial intelligence, they remain focused on leading they remain focused on leading the new ai platform shift. and microsoft isn t the only tech giant investing heavily in al. google s parent company alphabet is developing and improving ai to improve its search and as as well as other products. that led along with a slight improvement in the ad market how to turn a net profit of $84 billion in the last quarter. its cloud ....

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BBCNEWS Asia Business Report June 4, 2024 23:34:00

Growing very strongly, to be less growing very strongly, to be less demand and that is weighing down. it domestic factors weighing down. it domestic factors is the weakness in the property factors is the weakness in the property sector that is weighing down on confidence in households and businesses wishing households and businesses wishing seem weaker consumption and weaker investment and that is a concern going forward. in is a concern going forward. in the is a concern going forward. the us, it s is a concern going forward. in the us, it s a big week for big tech because both microsoft and google alphabet reported their quarterly earnings in both of them saw the profits or in their locked in a race to develop artificial intelligence tools but as my colleague explains, that isn t quite driving future revenue just yet. when it comes to cloud services, microsoft and google parent company of bet are major players in the continue to drive profits in microsoft s quarterly profits gr ....

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Chinese e-commerce giant Alibaba announces new CEO and Chairman in major reshuffle

Chinese e-commerce giant Alibaba announces new CEO and Chairman in major reshuffle
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Joseph Tsai , Eddie Wu , Daniel Zhang , Alibaba Group , China Alibaba Group , Cloud Computing Unit , Executive Vice Chairman , Brooklyn Nets , Taiwan Born Canadian ,

BBCNEWS World Business Report June 4, 2024 13:31:00

Behind the alibaba single - our asia correspondent. he was behind the alibaba single stay l behind the alibaba single stay phenomenon in 2009 and has been the chief executive for about eight years and he has been the chairman for around four years but now he is stepping down and he willjust focus on heading up the company s new cloud computing unit which is going to work on artificial intelligence. it is all part of the company s broader pivot away from e commerce and online shopping is what made it its fortune but in recent years sales have been sluggish and the value of the company has diminished and the management decided there was need for a rethink so about three months ago they announced the company would be splitting up into six. we company would be splitting up into six. ~ , . ~ company would be splitting up into six. ~ , ., ~ ., ., company would be splitting up into six. ~ , w . ., , company would be splitting up into six. we will break away to bring you some news six. we wi ....

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