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Friday, May 3, 2024

Microsoft stock booming on AI run

It’s not a good time to be working for Microsoft, but it is a good time to be a shareholder or executive. Stock is up over 30%, net income is up and the CEO Satya Nadella got a nice 10% raise. Regular workers received no pay rise, or effectively a 5% pay cut due to inflation. Microsoft has rationalised it as pat and generic reasons like a “competitive environment” and the “global macroeconomic uncertainties”. In reality, Microsoft is using the money to jump into the AI wave through a multibillion-dollar partnership with OpenAI.

– The internet is not always helpful. I was recently looking for an open-source alternative for Microsoft Visio but the initial search engine hits I received were all pay-to-use after a “free download” or a trial period. That last term is all but…

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