Microsoft (MSFT) CEO Satya Nadella testifies in the antitrust case against Google (GOOG, GOOGL). Oddity Tech (ODD) reports significant revenue growth. Lastly, automaker General Motors (GM) furloughs 160 additional workers amid expanding UAW strike and labor negotiations. Yahoo Finance Live's Julie Hyman highlights several of Monday's top headlines. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
LinkedIn on Tuesday said it will add artificial intelligence features to its core businesses, allowing recruiters to find job candidates by asking questions in natural language and letting marketing professionals create ad campaigns in a few clicks. The Microsoft-owned social network for business professionals has been using technology from OpenAI, the creator of ChatGPT that Microsoft has invested in, to develop the features. LinkedIn has more than 950 million members, the vast majority of whom do not pay for the service.
British media regulator Ofcom will this week push for an antitrust investigation into Amazon and Microsoft's dominance of the UK's cloud computing market, according to two sources familiar with the matter. The recommendation, first issued by Ofcom in April, will remain in the body's final report on the matter, set to be published on Thursday, one of the sources said. Between them, Amazon and Microsoft enjoy a combined market share of 60-70%.