what details do we know about microsoft's plans? at the it hub city of bengaluru yesterday when he made these announcements and a day earlier with a highly publicised photographs of him meeting the indian prime minister to discuss more cooperation in the field of ai and after a few hours you heard announcements come out from microsoft. this has been called one of the largest investment in india and over a period of two years it is primarily going to prioritise training indian tax professionals in the field of ai and establishing multiple data centres across the country. microsoft has a significant presence in india with over 20,000 employees with over 20 , 000 employees across with over 20,000 employees across ten cities but through the investment they are also looking to train about 10 million people at least, the emissions target, that make the initial target, emissions target, that make the initialtarget, in emissions target, that make the initial target, in the field of ai. that ties in with microsoft plans for enhancing its ent

two big m's, microsoft and money. steve kovach has more on that. >> microsoft says it plans to spend $80 billion in its fiscal year which ends this june for artificial intelligence. this announcement was tucked into a microsoft post by brad smith who published it today coinciding with the new congress. he laid out for the u.s. and artificial intelligence. microsoft previously said expect $20 billion in capex spending on artificial intelligence for the rest of the fiscal year. microsoft is sharing a hard number on how much it plans to spend. to put these numbers into perspective, google spend $49 billion, amazon spent $64 billion, and meta, $30 billion. we will not get the numbers until a few weeks. by the way, that's largest and microsoft's largest acquisition ever when it bought activision for $69 billion. over half of this capex will be spent in the united states. microsoft previously said half of capex goes to compute, meaning nvidia chips. also stuff like a.i., server apps, other equipment. the rest is just the la

microsoft announces a multimillion dollar ai investment in india. we will be live there with the latest. hello and welcome. meta will end third—party fact checking on its social media platforms in the us. the company will move to a community note system and move to a community notes system similar to one elon musk�*s platform x uses. restrictions on contentious topics like gender identity will also end. ceo mark zuckerberg says this will promote freedom of speech which she hopes to prioritise overtaking misinformation. we built a lot of complex systems to moderate content. but the problem with complex systems is, they make mistakes. even if they accidentally censorjusti percent of posts, that's millions of people. and we have reached a point where it's just too many mistakes and too much censorship. the move comes as he and other tech executives have tried to improve relations with donald trump before he takes office and a day after facebook announced a trump ally dana white will be on the board. donald trump and his allies have previously criticise

microsoft is also pausing recruitment in a major unit in america as part of its cost—cutting plans.more. in a memo to staff, meta ceo mark zuckerberg said 2025 will be an intense year for the company as it works on building what he describes as some of the most important technologies in the world. mr zuckerberg went on to say in order to raise the performance of meta staff, the company would take steps to move out low—performing employees faster than originally planned. currently, meta employs some 72,000 people. cutting 5% of its payroll will be its first major staff reduction since it shed a quarter of its workforce in 2022 and �*23. meanwhile, microsoft has also given a signal jobs may be becoming harder to come by in the us technology sector. it told its workers on tuesday it plans to pause hiring in its consulting arm in america. this comes only a week after it announced a round of lay—offs. swetha ramachandran is fund manager at artemis investment management. why do you think meta is expecting an intense year? certainly we are all inaudible investment shows no sign of letting

microsoft, amazon, key names biggest contributors to the upside.in on ai infrastructure as we look ahead to jensen huang's keynote later today. bitcoin also on fire. $102,000, still off the record high but clawing back some new year's eve losses. let's dig into a company that is not traded, tiktok, and its darker side. there is a lawsuit in the state of utah alleging tiktok has long known is popular video livestreams encourages sexual content including streams exploiting and grooming minors. tiktok discovered through an internal investigation tiktok live facilitated money laundering and allowed viewers to buy and sell drugs and fun terrorism. this is all this after we get more detail on a lawsuit brought by utah and other states. we have yet to see the details. what have you learned? >> to your point, it has taken a lot of time for this to come to light. i reported on tiktok live and some of the issues you cited in 2022. we are now early 2025. the platform is much bigger now. it is much more far-reaching. there are much more younger demographic on

and the second is that 0penai in collaborating with microsoft is tempting to monopolise the industry.when elon musk was at 0penai, he was one of the original co—founders, leaked e—mails have shown that he himself was pushing 0penai to become a for—profit, to make it easierfor 0penai to raise money, for example. in terms of background, i think that it is more about elon musk trying to basically undermine a direct competitor. elon musk has since started his own ai company so targeting 0penai's restructuring is a useful way of bogging them down legally. in terms that second argument in terms of monopoly, i think actually that elon musk is absolutely right, even though i am not necessarily sure about genuine his intentions are. microsoft has invested about $30 billion in 0penai, has the right to the majority of 0penai's profits and has privileged access to 0penai's technology and that has enabled microsoft to be take an early lead and becoming increasingly dominant and also to prevent 0penai from competing with it directly and so i think from a fair competition perspective, that is concer

on the microsoft front,certify for the government. calling about security after the security breach in the emails by chinese heart attack . microsoft is facing legal investigations and challenges related to its stake in openai. not the only notable names, by the way, donating to the inauguration. openai ceo is donating $1 million. uber is donating $1 million and the ceo is donating $1 million himself. that's a taste of it. robinhood and other names we talk about are also donating to the inauguration. of course, you have to talk about elon musk. he spent over 2 on $200 million get trump elected. frank. >> the intersection with d.c. and wall street. big business in the white house. something very interesting. steve kovach from the nasdaq. thank you. >>> coming up on "worldwide exchange," the one word every investor has to hear today. >>> why the new grand theft auto has the top stock pick for 2025. we will reveal that when "worldwide exchange." don't go anywhere. (vo) what does it mean to be rich? maybe rich is less about reaching a mag

microsoft is a 19% customer of nvidia. we also know that microsoft is working with the likes of broadcom to do us can tonsil con. -- to do custom sill cob. i think people are getting sick of the pricing power. and then i go to today, there's a story out that, you know, i think it was information, they're going to spend $80 billion on infrastructure buildout. that's not all chips, that's a whole host of other things, okay? so, let's see what that does. and the wisconsin data center they're building out, they have stopped the second phase of the buildout. why? they said the recent changes in technology have caused them to kind of reassess the design of the facility. so, i guess if you start to see some push-outs in the builds of these data centers, if you start to see a slowdown in capex, which we're not going to get until the end of this month, i think there's a lot of moving parts, but microsoft is a great barometer. >> i have a question. microsoft saying they're not chip constrained anymore, why is that concerning -- >> b

microsoft afirÓ que Ás de la mitad de esa inversÓn se va a realizar en estados unidos.era mundial de la inteligencia artificial en este momento. y precisamente el gigante tecnoÓgico meta esÁ tratando de eliminar varias de sus propias cuentas generadas por inteligencia artificial... esta medida se produce despÉs de que varios usuarios, comenzaron a interactua con los robots de esta tecnoloÍa y publicaron chats con su tendencia a mentir y ofrecer informacÓn erÓnea... seÚn la empresa, esto provoÓ preocupacion por que el contenido generado por "a-i" pudiera interrumpir una funcÓn principal de las redes sociales: que no es otra que fomentar la conexÓn entre los humanos. el presidente biden le otorÓ hoy la "medalla presidencial de la libertad", el Áximo honor civil de los estados unidos, a varias personalidades poÍticas, arÍsticas y deportivas... entre los que recibieron el reconocimiento de manos de biden esÁ hillary clinton, george soros y el futbolista argentino lionel messi... maÍa molina nos cuenta lo que paÓ... el exiliado Íder venezolano edmundo el exiliado Íder venezo

microsoft we love that stock. i think reallocating your capital even if you miss the upside and the magnificent stocks and put in place like small caps which trail a lot cheaper probably makes a lot of sense. stuart: i'm not selling my microsoft was leave it at that. thank you very much. you have a lot of fans in florida. president jimmy carter lying in repose at the carter center in georgia. tell me what happens next. >> tomorrow morning president carter's casket will be flown to d.c. where he will lie in state in the rotunda at the capital. members of congress will pay their respects that is at 3:00 p.m. followed by the general public. thursday morning carter's casket will travel by motorcade to the national cathedral for a funeral service. president biden will give the eulogy he declared thursday as a national day morning. stuart: thank you. biden not happy with reporters asking questions about his age. watch this. >> the only thing i'm i the oldest president but i know more world leaders and anyone of you ever

look at news out of microsoft today, the $80 billion data center built.f this could lead to a goldy blocks scenario for both stocks and a soft landing for the economy for that matter, stu. stuart: we love to hear that on the first full week of trading in the new year. jason katz, thanks for being here. we'll see you again a lot. see you later. looking at some movers and looking at the 10-year treasury yield just above 4.6% and citi group up 2.5%. lauren: yeah, expect big banks in general to benefit from trump 2.0 accelerating long growth and defunding funding cost and relatively stable tax rate. they say citi group is a buy. their price target is a 95 and that's a 33% upside to friday's close. stuart: a company i don't know much about and it's pay core. they are up nicely. lauren: 23%. human resources software market. there is reports of a deal with pay corp. said to be bought by the rival pay, paychex and saide done. stuart: djt? lauren: congress begins in the next hour and begin to certify the results of the next election and happens at 1:00 p.m. launla

this follows some job cuts that microsoft announced last week. according to the memo, it also instructs employees to not expense travel for any internal meetings saying they should use remote sessions instead. this follows meta saying earlier today in a memo that they will cut back on 5% of their work force. shares of microsoft down more than 1%. scott? >> okay, pippa, thank you. we will follow that. you take this as just companies getting a little leaner or something to keep in the back of your mind about cutting travel related expenses and things like that and say maybe these are the earliest signs of maybe the economy is slowing a little bit? no? >> 2025 was the year of efficiency and that's what is clearly --. >> 2.5? >> that's right. all of the companies still have massively larger head counts today compared to precovid levels. so some culling of the work force if you will, one of the headlines is we were lowering the lowest 5% of producers, i forget who that was. >> i think it was meta. >> year of efficiency 1.0. i don't read anything into

apple is up and microsoft, a gain of just .8%, but it's up $3.t of them coming out this morning kicking off the season. morning, taylor. let's start with jpmorgan. >> yeah. i mean, biggest fourth quarter or ever driven by trading thanks to sort of the volatile markets around trump election. jpmorgan traders took advantage of it. trading revenue was up 221% year-over-year are -- 2 1%. fixed income, your favorite, was the star. stuart: not my favorite, but it was the star. [laughter] goldman sachs. >> equity traders had their best year on record, also driven by investment banking and asset management. stuart: citigroup. >> an interesting story. now, they launched a $20 billion share buy back, but they measured one -- lowered one measure of profitability, lowered it to from previous guidance from 11-12. really confirms maybe some fears analysts have that you can't keep expenses really low when you're in the middle of a massive turn-around plan, but still the buyback helping. stuart: it sure did. blackrock. >> pulling in $640 billion in cash. both ac

meanwhile, microsoft has also given a signal jobs may be becoming harder to come by in the us technologyt told its workers on tuesday it plans to pause hiring in its consulting arm in america. this comes only a week after it announced a round of layoffs. in aviation news, boeing says it delivered less than 350 commercialjets last year, its lowest output since the pandemic. the company has been hit by a large strike that slow down production and increased scrutiny over the safety of its planes. it was outpaced once again by european rival airbus, which delivered twice the number of planes in the same period. the us financial regulator has sued elon musk for the late disclosure of his purchase of more than 5% of twitter�*s common stock back in 2022. according to the sec, the move allowed the multibillionaire to continue increasing his stake in the firm at artificially low prices. he later purchased twitter for $41; billion, and renamed it x. in a post on the platform, mr musk accused the regulator of wasting its time when there were so many actual crimes that go unpunished. staying with bi

a new round of layoffs for tech giant microsoft, this time targeting underperforming staff. the company says it's cutting a small percentage of jobs across several departments based on performance. we're told it will affect less than 1% of employees. back in 2023, the company laid off 10,000 employees, and in january of last year, microsoft's gaming unit slashed 1900. jobs. all right, difficult climate around the, you know, different things now in business a difficult climate. but here when we talk about the real climate, we're having a nice time. you know, it's been nice and clear and certainly but chilly. yeah. we've had thahat highressure that's helped keep the clear skie around. and also it's been keeping us dry as far as any rain chances go. well, we've been monitoring the forecast for that as well as winds here locally as well. so let's get right to a live look of how beautiful it looks right now in downtown san jose. now you also likely notice the warmth. that is also thanks to that high pressure. now we did manage to see some new record daily highs. these are prelimi

since then, microsoft has said it's going to make security a top priority in product development.ll of that is facing legal challenges related to its stake in open aye, which includes the lawsuit from elon musk and some federal investigations into anti-trust issues there. not the only notable names in tech, of course, donating to trump's inauguration. we already heard about open ai's ceo, sam altman donating a million dollars to the donation. uber is donating $2 million. $1 million from the company itself and another million from dara khosrowshahi, and there's elon musk, spending $277 million trying to help trump get re-elected. a lot of money from tech pouring in. i should also note robinhood and some other crypto firms as well. >> it's one of these things, they cozy up to the party in pao, in the obama years, it was that, it was trump, then biden, and now back to trump. the idea that these companies have to stand for something has given way to the real politics of, yeah, you want good relationships with whoever's in office. it feels obvious to say, but feels like a departure fro

the owner of facebook and instagram come on the same day that another of america's tech giants, microsoft it would pause hiring in a major unit in america. michelle fleury reports from new york. ina memo in a memo to staff mark zuckerberg said 2025 will be an intense year for the company as it works on building what he described as some of the most important technologies in the world. mr important technologies in the world. ~ , ., important technologies in the world. , ., ., world. mr zuckerberg went on to sa in world. mr zuckerberg went on to say in order— world. mr zuckerberg went on to say in order to — world. mr zuckerberg went on to say in order to raise _ say in order to raise the performance of meta— staff the company would take steps to move out low performing employees faster than originally planned, currently meta is employing 72,000 people. cutting 5% of its payroll will be its first major start production since it shared a quarter of its workforce in 2022 and 23. meanwhile microsoft is also given a signaljobs may be becoming harder to come by and us technology sector. it told

microsoft has been dead money for 11 months.t is going to be able to seize on the same old theme on ai. finally the jobs number, i do think the market craves confirmation that the jobs market and economy remains in good shape. we don't want bad news to bring in more fed easing. i think those two things will probably help fill in some of the blanks this week. >> mike santoli, thank you. appreciate it. >>> joining us right now for more on the markets as we get ready to kick off the first full week of trading in 2025 is dan niles from niles investment managing, he is the founder there. dan, what do you think about what mike santoli was just laying out, this idea about levels that need to be tested, things we're going to be pushing on? how are you feeling about the year? >> i think q1 earnings and guidance is going to be key to this because you've got a lot of things that need to get taken into account. the first big one honestly is at the end of q3 the u.s. dollar was at 1.01, it ended the year at 1.08. so you have a 7% move in tha

microsoft will spend $80 billion this year.o, the landscape is big the opportunities are sizeable >> you said there could also be scope to increase that investment if market conditions allow? how much would you eventually like to invest in the u.s. if the opportunity comes up >> well, i mean, the sky's the limit. we can risk more as much as the market takes the limitation is endless. we can use the financial resources. second phase, we can take third-party money and the platform can grow to the next level. >> you have a more than decade long friendship and business partnership with the president-elect. it is something you and i have spoken about several times in the past, but take me inside the room at mar-a-lago when you first told the president-elect that you would like to make this investment into the united states and, of course, at a time when he is resuming the presidency how did he react >> as you appreciate, he is very pro-business he liked to encourage businessmen to come to the u.s he likes his country to be open for

microsoft afirmÓ que mÁs de la mitad de esa inversiÓn se realizarÁ en los estados unidos.sus propias cuentas generadas con condolencia artificial. esta medida se produce luego de que varios usuarios comenzaron a interactuar con los robots de esta tecnologÍa publicaron chats con su tendencia a mentir y ofrecer informaciÓn errÓnea. esto provocÓ preocupaciÓn por el contenido generado por ia que pudiera interrumpir una funciÓn principal de las redes sociales, que no es otra que fomentar la conexiÓn entre los humanos. una nueva iniciativa gubernamental en el sur de california busca sacar de las calles a veteranos de guerra que se encuentran sin jugar. ya no serÁ obstÁculo que reciban ayudas financieras por su tiempo de servicio para acceder a viviendas de bajo costo. reportero: unos 3000 veteranos viven en las calles del condado de los Ángeles a pesar de los mÚltiples esfuerzos por terminar con la indigencia. >> esta disminuciÓn incluyÓ mÁs del 20 % entre veteranos y militares sin hogar. reportero: casi el 23 %. gracias al apoyo de las autoridades, ahora cuenta con un techo par

. >> it's different company than my company some are more stretch than others, you notice microsoft up3% in the video was up 150 or 160%, there is different things in different companies. i do believe the multiples are too high, they have to correct but we have to see how the whole year goes whether earnings growth this year. >> the coming of further earnings. >> fourth-quarter earnings in the first quarter, i'm looking ahead because markets of the head. i think expectations are too high in their price too high for high expectations, that the double way of me in there very vulnerable, 2022 comes to mind where tech got hit and ask them to fundamental strong sectors did well, today futures, that always barely got a little, the nasdaq is up a lot i think we will have a lot of days where the dow may not be great but it isn't done as much as the nasdaq. >> you give me financial advice in the past. >> yes i have. >> you want to tell me to some microsoft. >> it depends on tax verification be done very well in microsoft my whole believe i want index investors to know that the big tech companie

microsoft, $80 billion they are going to spend in 2025 seems to signal that. anna: i don't think this ai venture is going to stop. certainly the likes of microsoft and some of these big companies are putting big dollars into it, but we cannot forget about the private side either. there are a lot of venture companies that are going to require, as they are developing applications for real businesses on the user end, they are going to have to lean into some of that infrastructure i'm alike data centers, and ultimately energy too. but that is not a conversation for today. i think demand for this is not going to ease up. ed: can you give us your macro purse? we were talking about how maybe we are seeing that feed into the stock weakness. do you still in the back of your mind, thinking about inflationary pressure, does that have any weight on a company that is so focused on for its innovation? anna: when i think about macro headwinds such as inflation and prices i think about who has the pricing power, right? if you are nvidia and you have dominance in a marketplace

presentadora: vamos con notas tecnolÓgicas, microsoft va a gastar $80,000,000,000 en centros de datosial de la inteligencia artificial en este momento. precisamente el gigante tecnolÓgico meta estÁ tratando de eliminar varias de sus propias cuentas generadas con inteligencia artificial esta medida se produce despuÉs de que varios usuarios comenzaron interactuar con los robots de esta tecnologÍa y publicaron chats con su tendencia a mentir y ofrecer informaciÓn errÓnea segÚn la empresa provocÓ preocupaciÓn porque pudiera interrumpir la funciÓn y principal de la redes sociales que fomentar las conexiones. la casa blanca presidente joe biden le otorgÓla medalla presidencial de la libertad el mÁximo honor civil de los estados unidos a varias personalidades polÍticas artÍsticas y deportivas entre quienes recibieron el reconocimiento por parte de joe biden estÁ hillary clinton, magic johnson el gran ausente fue el argentino lionel messi. [habla en inglÉs] [habla en inglÉs] reportera: a 16 dÍas de dejar la casa blanca el presidente joe biden concediÓ la medalla de la libertad a personalidade

now is the biggest stocks 2010 i would've bought the beams brookshire, apple and microsoft.er ways, al has a couple can read about top gun and matrix, good movies. i prefer the flimsy five smallest companies in the s&p 500. someday we won't want the small companies like caesars entertainment will have their day. until that happens it's batman. >> actionable ideas. >> i like viscera utility stock with constellation energy that huge year in 2024, 260% but the valuation is reasonable up nicely, hitting relative strength is actionable at current levels. >> will go with the "barron's roundtable" from abby joseph tiu would she likes crouch strike is growing double digits in earnings at 20% for the coming years. expensive but a lot about crouch strike. jack: thank you, great ideas. thank you to read more checkout barron's.com don't forget to follow us on next appearance.com for the latest updates. we will see you next week on "barron's roundtable". the -♪ when the sheriff john brown come for you? ♪ -stop! now! stop!

i definitely don't think they will trade as a they didn't last year when microsoft being the laggard there, only up 12%, 13% in 2024. so, for us, we favor amazon as it relates to the mag 7. i think they really strengthen their operating leverage as they look to aws and the cloud. the margin growth there was phenomenal. operating profit was up 50% year over year. the cloud growth was up 19% year over year as well. so, there will be picks in that -- in that space. nvidia will be another great story. but i don't think all is well there. i don't think they'll all do phenomenal in the way they did a lot in 2024. so, you know, we're going to pick and choose, but looking to trim some of the high flyers from 2024. >> in fact, it has been beneficial in a way that the mag 7 have gone their own way at times and kind of kept volatility lower. it kept the whole nasdaq from maybe getting a little bit overheated all at once. tom, i wonder what your thought is about the general expectations level of investors and wall street and strategists and such. the last couple of years as we started january, p

microsoft spent over $50 billion on capex in the last fiscal year.er it was reported its exploring a combination which shutterstock. sources say they have been laying how to structure a deal that would bring in two providers of licensed visual content. deliberations come as ai upends the content creation business. there is plenty more coming up. a breakdown of what to expect in terms of the data front and mary daly on her views around policy settings and the fight against inflation. this is bloomberg. ♪ >> i would not want to see further slowing in the labor market so while we absolutely have to continue to get inflation down to our target, we have to be resolute about that. we have to do it in with thoughtful manner so we can also support full employment. >> san francisco fed president mary daly, another voice from the fomc seemingly cementing the idea of the need for caution around the fed's attempts to get back to that 2% target with three-month month annualized inflation above 3%. we will hear from more fed speakers today, lisa kuebler, chris wal

cummins, lockheed martin, microsoft. what do they have in common?science to work in as positive way for their businesses and the economy at large. so cummins, they're coming off some softness many their core business, but they are improving, and we expect 20 the 25 the to get better. very good, solid company with a good balance sheet. lockheed martin, i cannot imagine that our government is going to be spending less money on defense going forward. things like c-130 airship, for example, very strong. book to bill very strong there. and microsoft investing tremendously many a.i., co-pilot, a as your, all of that makes -- azure, and and all of that makes sense. all of them the very low debt, very profitable assets, all of them very consistent -- charles: no worry about interest rates, the fed, the fundamentals are so good, you don't have the to worry about -- >> let's say you had something go bump in the night, everything goes down, i think these hold up. we think they hold up better. charles: right. kevin, great sufficient. happy new year. >> thank yo

they confirmed they will be on time and we're getting confirmation that microsoft and many others aredy to spend. that sets up a great market for a.i. come 2025. charles: beth? a lot of the names moved on this. a lot of smaller names i think were introduced during these presentations by jensen. aurora innovations for instance is one of them. you know, there's a feeling that these large names are going to eventually dominate and own all, everything and all these, you know, budding spaces but is there room as an investor for some of these smaller names to emerge and get a piece of the action? >> yes. resounding yes. especially when we look at nvidia so now we have these big tech capex numbers. we know blackwell is on time. what my firm is really looking very closely at is the a.i. networking stack, and that's because basically you have to realize that a.i. models are driving an exponential increase in requirements and that means that it's reaching the limits of the existing network. the existing network as you know today has to be overhauled and we know exactly when it has to be overhau

the ftc fought activision merging with microsoft. would have probably fought pay corps because it's a rival of paychecks. this is an idea we're going to have to get used to. our colleague is going to have to chase down a lot of deals. there's a lot of deals that aren't going to happen, certainly on the griddle. why would paychex want to eliminate the ftc. well this ftc would love this. >> it might be a hallmark. of the next four years jim. the incoming president saying the story is wrong. that's a dynamic right out of 2017, isn't it? >> we're waiting for greg hayes, the retired ceo of united technologies talking about when he was born. it wasn't midnight, but he wasn't born yesterday. i see a piece that is very much in favor of governing right in. barclays talking about aerospace against defense. now defense is something i'm waiting for the president-elect to talk about because they recommend boeing, which is very interesting. they haven't recommended boeing in a long time. >> the 2-2-10. >> the cost of defense is something i think t

microsoft is about the size of the entire economy of the country, of france. okay we can't really say, oh, a stakeholder and then another stakeholder, and then stakeholder. so my concern and actually criticism of multi-stakeholder governance and also people who believe in it is that that reality of capture and of completely different scales of representation is not acknowledged. and as a result, it's not working. i think the way it could or should. thank you. thank you for that. i want to before i open it up to questions from our colleagues here, i wanted to ask you a question that is kind of a positive one because you end the book on and i really enjoyed it. you end the book on a note of hope and talk about how we live in an era of endless technology promise. and so i just wanted to ask, what are you most excited about with technology and, how it connects to human flourishing? um. maybe i'll just take an example of how individuals can be impacted, but i'm really excited when technology can help people with disabilities or serious illnesses just have better li

and, microsoft named jay parikh as executive vp of the new ai engineering unit. at facebook building infrastructure there and mike: data centers. coming up, ai extends into the kitchen. we speak with union square hospitality founder danny mayer next. this is bloomberg. caroline: ai's use cases are extending beyond the office. a company bringing artificial intelligence to the red -- restaurant space. we are joined by the ceo of the company ingo storck as well as the union square hospitality manager danny mayer investor in present space. you have a plethora of ai investments. how and at what point did you decide that artificial intelligence would change the game of restaurateur? danny: we are facing, as we always have in our industry, a business model with very thin margins. the restaurant industry is notoriously competitive. and i think what a lot of people may not realize it is by the time you are done paying your rent and the talent on the team and the food costs and the insurance and the florists and all of those expenses that only go up over time you are left

microsoft, nvidia, amazon, goldman and caterpillar are dow stocks.together 180 points in the dow up over 300 total. a huge winter storm to the midwest 61 million are under winter weather alert. "fox weather" britta merwin in philadelphia. what is it like there? >> it is cold it is very cold but that's part of the recipe. in the northeast we know how cold is been this past weekend. the only way of getting snow up and down the 95 quarter is having cold air ahead of the actual storm. in downtown philadelphia the art museum behind me the rocky steps. we are under winter weather advisory executive be philadelphia's biggest warm will get a couple inches of snow what is the biggest know of the season. south of us that is a different deal with a winter storm warning in effect. d.c. cannot one of the biggest nose in quite some time and icy roads are making for treacherous travel pretty for flying in and out of the northeast call ahead we see struggles at the airport that's likely going to continue in the roads will be tough. if you think it's cold the cold ai

>> microsoft over the last 12 months all these stocks have gained 31% or more except microsoft gainedper, the only time it's been cheaper is during the bear market of 2022 and during the selloff during covid. it's really a concern about too much spending on a.i., but if the company can show that spending is starting to pay off a, it could bounce back here. it's been such a laggard that it's -- and it's the actually sitting at a support level that if things start to go right, i think there's a lot of upside. jack: thank you, guys. that read more, check out this week's edition of barron's.com. follow us at bare with ron's online. and that's all for us. we'll see you next week on "barron's roundtable". ♪ -(screaming) -♪ bad boys -♪ whatcha want, whatcha want ♪ ♪ whatcha gonna do -♪ when the sheriff john brown come for you? ♪ -stop! now! stop!

ai assistants with really good long—term memory are about a year away, according to microsoft's headh can recall conversations, projects and problems will encourage users to invest more time, and share more of their personal history with them. some critics have concerns about this level of integration — including privacy, and the possibility of the ai tools giving wrong information, or displaying in—built bias towards the user. scientists at the university of montreal have found new ways to help cats suffering from chronic pain. instead of having to sedate the felines, they've been able to scan their brains while they're awake using electrodes hidden under specially knitted hats. in the past, the cats tended to shake off or chew the wired electrodes used in testing — well, they're cats, that's what they do — but now, the cats in hats are cute and cosy. and its happy birthday to comic sans. yeah, love it or hate it, this font has been around for 30 years! it was originally designed as part of microsoft bob — a piece of software designed to make windows more user—friendly. it was relea

microsoft is a key competitor. how are you managing to make inroads?ar: you know, snowflake is the easiest to use, fastest time to value, and most efficient data platform that there is. a lot of our competitors are still implementing features that we had five, six years ago, so it is a world class product. what we did with a.i. was make it a natural complement to how people use existing snowflake products. this is why you have customers like disney use things for example in machine learning on top of snowflake. and so when it comes to incremental revenue that is being generated, for snowflake it typically comes from existing customers. most new relationships that snowflake has with companies tend to start small, like $50,000, but they can rapidly ramp up to millions of dollars in areas like a.i. what we are very clear is in our ability to enhance the value of data that people already have in snowflake. we don't compete with open a.i. we partner with them. it is that combination that unlocks value very quickly for our existing customers. caroline: you a

microsoft is also pausing recruitment in a major unit in america as part of its cost cutting plans.york, michelle fleury has more. in a memo to staff, meta ceo mark zuckerberg said that 2025 will be an intense year for the company, as it works on building what he describes as some of the most important technologies in the world. mr zuckerberg went on to say that in order to raise the performance of meta staff, the company would take steps to move out low—performing employees faster than originally planned. currently, meta employs some 72,000 people. cutting 5% of its payroll would be its first major staff reduction since it shed a quarter of its workforce in 2022 and 2023. meanwhile, microsoft has also given a signal thatjobs maybe given a signal thatjobs may be becoming harder to come by in the us technology sector. it told its workers on tuesday that it plans to pause hiring in its consulting arm in america. this comes only a week after it announced a round of lay—offs. around the world and across the uk. this is bbc news. to india now where businesses are focused on the incoming

>> microsoft over the last 12 months all these stocks have gained 31% or more except microsoft gained about 14%. it's only cheaper, the only time it's been cheaper is during the bear market of 2022 and during the selloff during covid. it's really a concern about too much spending on a.i., but if the company can show that spending is starting to pay off a, it could bounce back here. it's been such a laggard that it's -- and it's the actually sitting at a support level that if things start to go right, i think there's a lot of upside. jack: thank you, guys. that read more, check out this week's edition of barron's.com. follow us at bare with ron's online. and that's all for us. we'll see you next week on "barron's roundtable". ♪ >> from the fox studios in new york city, this is maria bartiromo's "wall street." >> happy new year, everyone, and welcome to the program that analyzes the week that was and helps position you for the week ahead. i'm jackie deangelis in for maria bartiromo. the country rocked by major national security events ahead of president-elect trump's second term. the in

microsoft says it plans to make job cuts across several departments. >> according to cnbc, it'll affecte than 2000 employees, which is less than one percent of the company. the company says the cuts are going to be based on performance. not clear when the layoffs will start last january. microsoft cut almost 2000 jobs in its gaming division. >> on his first full day in office, san francisco mayor daniel lurie has announced an immediate citywide hiring freeze. he says in an effort to get the city's budget deficit under control. the mayor also directed departments to realign programming in spending with the city's priorities with a focus on evidence and proven results. this includes pausing new contracts or programs that have not yet been signed or implemented. >> doesn't walgreens stores are shutting down in san francisco. the company says higher rent costs staffing and supply needs are some of the reasons why. here's a look at locations that will be closing down next month. one of them is on market street where banco brown an unarmed 24 year-old black transgender person was shot to deat