These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
Gluskin Sheff's David Rosenberg is painting a painful picture for stocks as earnings season goes into full gear.Futures Nowread more
Microsoft just named artificial intelligence as one of its top priorities in a financial filing.
The annual report for the company's 2017 fiscal year, which ended on June 30, now includes six references to AI, up from zero in the previous annual report.
And the company has plunked AI into its corporate vision statement, too.
"Our strategic vision is to compete and grow by building best-in-class platforms and productivity services for an intelligent cloud and an intelligent edge infused with AI," the company wrote in the annual report, which was released on Wednesday.
For the sake of comparison, here's last year's version: "Our strategic vision is to compete and grow as a productivity and platform company for the mobile-first and cloud-first world."
For Microsoft watchers, that old tagline should sound very familiar -- pretty much ever since he became CEO of Microsoft in 2014, Satya Nadella has repeatedly spoken of the "mobile-first and cloud-first world" that the company was trying to target.
Mobile is gone -- not a surprise, given the company's struggles with its Windows Phone operating system and its acquisition of Nokia, which Microsoft essentially declared worthless when it wrote down the total value of that acquisition in 2015.
Cloud computing, including fast-growing products like Office 365 and the Azure public cloud are still there. Now AI is there with it, too.
Microsoft has acquired a few AI startups, like Maluuba and Swiftkey, since Nadella took over, and has established a formal AI and Research group. That team "focuses on our AI development and other forward-looking research and development efforts spanning infrastructure, services, applications, and search," the annual report says.
Microsoft's vision reset comes after Sundar Pichai, CEO of Alphabet's Google, began saying that the world is shifting from being mobile-first to AI-first. Facebook has also invested in both long-term AI research and AI product enhancements alongside Microsoft and Alphabet.