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Concerns over privacy and China could spell trouble down the line as Microsoft puts AI at the center of its strategy, but for now, the company’s Copilot products are providing a nice growth engine.
CEO Colin Angle stepped down as the company embarks on a restructuring plan that will result in about 350 job cuts.
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Amazon has announced it will no longer acquire iRobot. The planned purchase of the robot vacuum company for $1.4 billion was halted after EU regulators voiced anticompetition concerns.
The main indexes notched notable gains ahead of a busy week on Wall Street.
Despite a $94 million break-up fee, the failed acquisition prompts Robot to lay off 31% of its workforce and hit pause on its air purification and robot lawn mowing projects.