California Governor Gavin Newsom proposed a new tax extending state sales tax to digital prewritten software purchases, aiming to level the playing field between online and physical store sales. The tax, set to take effect January 1, 2027 pending legislative approval, could generate $450 million for the state and $560 million for local budgets in its first year. This move impacts major software companies like Microsoft and Salesforce amid ongoing challenges in the software-as-a-service (SaaS) sector. Despite concerns, HSBC predicts software will benefit from AI advancements rather than suffer from the tax changes.
Microsoft is expanding its AI Copilot technology in the Edge web browser to include the mobile version, offering personalized browsing suggestions, tips, and guidance based on users' browsing history. The AI can scan open tabs to compare options, hig...
Meta Platforms reported a strong Q1 with EPS of $10.44 beating expectations, but much of the beat was due to an $8.03 billion tax benefit, masking weaker core performance and rising capital expenditures. Meta's AI and Reality Labs investments are cos...
Elon Musk's attorney delivered a strong closing argument in a $150 billion lawsuit against OpenAI, accusing CEO Sam Altman and President Greg Brockman of prioritizing profit over the company's founding mission to develop AI for public benefit. OpenAI...
Microsoft has appointed Carmine Di Sibio, former global chairman and CEO of EY, to its board of directors, expanding the board to 13 members. Di Sibio will serve on the Compensation and Audit Committees, bringing decades of experience in financial se...
OpenAI is exploring legal options against Apple due to dissatisfaction with the ChatGPT integration on iPhones, which failed to deliver expected subscriber growth and visibility. The partnership, announced in June 2024, integrated ChatGPT into Siri a...
