American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread 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.