|Bid||138.64 x 800|
|Ask||138.67 x 1800|
|Day's range||138.07 - 139.98|
|52-week range||93.96 - 140.67|
|Beta (3Y monthly)||1.02|
|PE ratio (TTM)||27.40|
|Earnings date||22 Oct 2019 - 28 Oct 2019|
|Forward dividend & yield||1.84 (1.35%)|
|1y target est||153.00|
Amazon, Facebook, Google and Apple spent a combined $12.7 on federal lobbying in the second quarter of 2019.
The Pentagon is preparing to award Amazon or Microsoft a $10 billion contract. But what is Project JEDI?
Open Text (OTEX) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
(Bloomberg) -- Microsoft Corp. agreed to invest $1 billion in a partnership with research group OpenAI, gaining a prominent cloud-computing customer from the artificial intelligence field.OpenAI, co-founded by Elon Musk and other wealthy Silicon Valley entrepreneurs, will use Microsoft’s Azure cloud services to train and run the group’s AI software. The two will also jointly develop supercomputing technology, and Microsoft will be OpenAI’s preferred partner to commercialize its creations, the companies said in a statement on Monday. OpenAI started in 2015 with much fanfare. Industry luminaries including Musk and Peter Thiel committed at least $1 billion to the nonprofit to build AI that could match or improve on the technology being developed by tech giants such as Google, Facebook Inc. and Microsoft. However, Musk said he left OpenAI’s board last year over disagreements about some of the group’s plans. More recently, OpenAI started a for-profit arm to help it raise more money. The $1 billion investment goes to the for-profit arm, OpenAI LP, but the partnership is between Microsoft and the whole entity, OpenAI said. A partnership with Microsoft, which has more than $100 billion in cash, is a quick solution to OpenAI’s funding needs. But it’s an about-face of sorts. The group was seen by some in the AI community as an important counterbalance to large technology corporations that have snapped up talent and used their computing power and huge data hoards to leap ahead in the field. Advocacy groups and policy makers have raised concerns about some types of AI and called for regulation to increase transparency, guard against bias and ensure the technology isn’t used for military purposes and other dangerous applications. Those issues are likely to become more pressing as researchers try to develop AI that has more human-like capabilities.In February, OpenAI unveiled an algorithm that can write coherent sentences, including fake news articles, after being given just a small sample. The implications were so worrying that the group opted not to release the most powerful version of the software.The partnership between Microsoft and OpenAI will focus on Artificial General Intelligence, which aims to get computers to learn new skills and complete varied tasks like humans can. That’s a contrast to existing AI, which can learn specific jobs, such as understanding images, but can’t tackle different problems on its own. AGI, and the ability for computers to potentially teach themselves so much they eclipse humans, was what disturbed Musk so much that he helped found OpenAI. On Monday, Microsoft and OpenAI addressed such concerns. “The creation of Artificial General Intelligence (AGI) will be the most important technological development in human history, with the potential to shape the trajectory of humanity,” said Sam Altman, chief executive officer of OpenAI. “It's crucial that AGI is deployed safely and securely and that its economic benefits are widely distributed. We are excited about how deeply Microsoft shares this vision.”Microsoft CEO Satya Nadella said the goal is to “democratize AI – while always keeping AI safety front and center – so everyone can benefit.” Microsoft and OpenAI said the work will be governed by both companies’ AI ethics policies.Microsoft is also looking for more Azure cloud customers and for ways to promote Azure’s AI capabilities, so a tie-up with a leading research arm in the field is lucrative. The two organizations will use Microsoft’s work on supercomputers to build technology in Azure that has the scale to train and run more sophisticated AI models.“We chose Microsoft as our cloud partner because we're excited about Azure's supercomputing roadmap,” said Greg Brockman, OpenAI’s co-founder and chairman, in an emailed statement. “We believe we can work with Microsoft to develop hardware and software platform within Microsoft Azure which will scale to AGI.”Other OpenAI investors include the charitable foundation of LinkedIn co-founder Reid Hoffman and venture capital firm Khosla Ventures. Founders include Musk, Altman, co-founder and former president of startup incubator Y Combinator, as well as Brockman and AI researcher Ilya Sutskever, who serves as OpenAI's chief scientist. (Updates with details on founders in 14th paragraph.)To contact the author of this story: Dina Bass in Seattle at firstname.lastname@example.orgTo contact the editor responsible for this story: Alistair Barr at email@example.comFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Enphase, AAR, Science Application, Cisco and Microsoft highlighted as Zacks Bull and Bear of the Day
Microsoft Corp agreed on Monday to pay about $25.3 million (£20.3 million), including a criminal fine, to settle U.S. charges it made improper payments that were used to bribe government officials in Hungary and other countries. The U.S. Department of Justice said Microsoft Hungary will pay the $8.75 million criminal fine, as part of a three-year non-prosecution agreement in which it "admits, accepts and acknowledges" responsibility for employees' misconduct. Microsoft also agreed to pay nearly $16.6 million to settle related civil charges by the U.S. Securities and Exchange Commission over its activities in Hungary, Saudi Arabia, Thailand and Turkey, without admitting wrongdoing.
Markets closed lower on Friday after a report stated that Fed officials would reduce the benchmark interest rates in its next meeting by only a quarter percentage points.
(Bloomberg) -- Microsoft Corp. agreed to pay $25 million to settle U.S. government investigations into alleged bribery by former employees in Hungary.The software maker’s Hungarian subsidiary entered into a non-prosecution agreement with the U.S. Department of Justice and a cease-and-desist order with the Securities and Exchange Commission, Microsoft said in an email to employees from Chief Legal Officer Brad Smith that was posted Monday on the company’s web site. The case concerned violations of the Foreign Corrupt Practices Act, according to an SEC filing The Justice Department concluded that between 2013 and June 2015 “a senior executive and some other employees at Microsoft Hungary participated in a scheme to inflate margins in the Microsoft sales channel, which were used to fund improper payments under the FCPA,” Smith wrote in the email.Microsoft sold software to partners at a discount and the partners then resold the products to the Hungarian government at a higher price. The difference went to fund kickbacks to government officials, the Wall Street Journal reported in 2018. The company fired the employees involved, Smith noted. “We were deeply disappointed and embarrassed when we first learned about these events several years ago, and we hope that all of the steps we’ve since taken, including today’s settlement, send a strong message,” Smith wrote. “As a company, we do not tolerate employees and partners who willfully break policies that go to fundamental issues of business integrity.” The SEC noted that some Microsoft employees violated the law by engaging in unscrupulous sales practices in Saudi Arabia, Turkey and Thailand.To find and prevent such illegal activities, Microsoft now requires discounts it provides to sales partners to be passed directly to government customers. The company makes customers aware of any discounts to ensure they are receiving them and that funds are not diverted for other purposes like bribes. The company also is using machine-learning software to track contracts and flag discounts or other practices that appear unusual.The U.S. uses the FCPA to police bribe-paying around the world, in what officials have said is an effort to even the playing field. Since 2005, the government has collected billions of dollars in fines from foreign companies and U.S. firms found to be in violation of the law.To contact the author of this story: Dina Bass in Seattle at firstname.lastname@example.orgTo contact the editor responsible for this story: Alistair Barr at email@example.comFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Cloud infrastructure platform Azure’s revenue growth decelerates again in its latest quarterly earnings, but its margins are improving.