Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
May 2 (Reuters) - Microsoft Corp on Thursday announced new tools for software makers aimed at making technologies such as artificial intelligence and blockchain easier for businesses to use.
Microsoft released the tools ahead of its software developer conference next week in Seattle. Once known mostly for its Windows personal computer operating system, the company now relies on revenue growth from its cloud-based computing and software services, most of which are sold to other businesses.
While Microsoft still trails the cloud computing leader Amazon.com Incs Amazon Web Services in revenue, it has taken a different approach to the market, designing many of its services to be run in either Microsoft's Azure data centers, its customers private data centers, or a combination of the two.
Amazon, by contrast, at first asked customers move their data to its own servers, though it too has in recent years moved toward Microsoft's "hybrid" approach.
One new service from Microsoft helps online retailers recommend products based on shopping history and can be combined with a retailer's existing recommendation engine, said Scott Guthrie, Microsoft's cloud and artificial intelligence chief.
"They're using ours in addition to the existing system they had and seeing some tremendous wins in terms of productivity as part of it," Guthrie said. "I don't think it's going to be necessarily always a winner takes all."
Microsoft is also releasing tools to let users make artificial intelligence models without having to write the underlying code. Those models can then be "trained" using the business owner's data in Microsoft's cloud.
The company is also introducing a cloud-based blockchain service. The block chain, a ledger for keeping track of transactions among many participants, is used in the financial technology space, and Microsoft said it is working with JP Morgan Chase & Co on the bank's Quorum offering.
But Microsoft's Guthrie said blockchain has other uses, such as the system Microsoft helped Starbucks Corp build to track the coffee as it moves from farms to stores to a customer's cup.
"That enables them, from a quality control perspective, to dramatically improve the end-to-end supply chain and deliver a better product," Guthrie said.
Microsoft also said it is releasing a developer edition of its HoloLens 2 headset that was announced earlier this year. The device, which overlays digital information on the real world, will cost $3,500 and is aimed businesses uses like safety training and complex repair work.
(Reporting by Stephen Nellis in San Francisco; Editing by Lisa Shumaker)