Microsoft to cut more than 3,000 jobs from ailing Xbox unit

Microsoft said Monday that it will cut 3,200 jobs from its struggling Xbox video game business. The technology giant will immediately eliminate 1,600 positions, while other jobs will be cut as four studios leave the Xbox unit. “Our business today is not healthy,” Xbox CEO Asha Sharma, who took over the gaming division earlier this … Read more

SpaceX tops Amazon and Microsoft in market value as retail investors race to buy shares

SpaceX shares continued to soar in their third day of trading Tuesday, gaining another 15% as buyer interest in Elon Musk’s largest company showed no sign of slowing down. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Ever since SpaceX shares began trading on the Nasdaq Friday afternoon, … Read more

A third billionaire testifies in OpenAI trial: Microsoft CEO Satya Nadella

OAKLAND, Calif. — Microsoft CEO Satya Nadella took the witness stand Monday in a trial about control of the artificial intelligence startup OpenAI, making him the third tech billionaire to testify in the closely watched lawsuit in as many weeks. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. … Read more