Starbucks has scrapped a $250,000 (£181,000) cap on its chief executive's use of the coffee chain's company jet for personal travel because of concerns about his safety. Brian Niccol uses the jet to commute almost 1,000 miles (1,600km) from his family home in Newport Beach, California
On January 28, Maharashtra Deputy Chief Minister and senior NCP leader Ajit Pawar lost his life in a plane crash. The aircraft had taken off from Mumbai but crashed during the final phase of descent, just minutes away from its planned landing in Baramati.On January 28
Donald Trump has warned Iran that "time is running out" to negotiate a deal on its nuclear programme following the steady build-up of US military forces in the Gulf. The US president said a "massive Armada" was "moving quickly, with great power, enthusiasm, and purpose" towards Iran
China has executed 11 members of a notorious family that ran scam centres in Myanmar, state media report. A court in Zhejiang province sentenced the Ming family members for crimes including homicide, illegal detention, fraud and operating gambling dens last September
Meta on Wednesday reported quarterly earnings that topped market expectations, as revenue grew along with investments in artificial intelligence. The parent of Facebook and Instagram said it made a profit of $22.8 billion on revenue of nearly $60 billion in the recently ended quarter
U.S. Treasury Secretary Scott Bessent said on Wednesday (January 28, 2026) he was disappointed by Europe's decision to strike a major trade agreement with India, saying it showed Europe put trade ahead of the interests of the Ukrainian people. Mr
FMGE January 2026 result is expected soon on natboard.edu.in. Candidates can check the PDF result using their roll number. The exam was held on January 17 by NBEMS. FMGE January 2026 Result: The Foreign Medical Graduate Examination (FMGE) January 2026 result is expected to be declared soon on the
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Microsoft shares slide as AI spending surges
Microsoft shares slide as AI spending surges
Microsoft on Wednesday reported a 60 percent jump in net income for the last quarter of 2025, but spending on artificial intelligence surged, rattling investors.
Shares in the cloud and software giant sank about five percent in after-hours trading, with investors keeping a close eye on capital expenditures as the company spends heavily in the AI race against rivals Google, Amazon and Meta.
The company said that capital expenditures, which largely consist of the massive build-out for AI and cloud infrastructure, grew by 66 percent to $37.5 billion.
Investors are also looking at Microsoft's ties to OpenAI, the company behind ChatGPT.
Microsoft now holds a 27 percent stake in OpenAI, which has quickly grown to become the world's most valuable private company with a $500 billion valuation, but which some feel is overspending.
Analysts expressed worry that a sizeable chunk of Microsoft's expected revenue over the coming quarters was from a financially overstretched OpenAI.
Microsoft said about 45 percent of its remaining cloud commitments are from OpenAI.
OpenAI is the leader in generative AI technology, but is required to raise billions every year to meet its huge expenses for computing and top engineering talent.
Beating expectations, Microsoft posted net income of $38.5 billion on revenue of $81.3 billion for the three months ending December 31.
This was up from $24.1 billion in profit on $69.6 billion in revenue a year earlier.
Analysts said that the net income figure was boosted by gains booked from Microsoft's investment in OpenAI.
Azure and other cloud services, Microsoft's most closely watched segment, saw revenue surge 39 percent, roughly in line with expectations.
The company said demand for cloud services continues to exceed available supply.
With this earnings result, "Microsoft didn't declare victory on AI-but it made a credible case that the spending has a path to payback," said Emarketer principal analyst Jeremy Goldman.
The LinkedIn professional network saw revenue grow 11 percent while revenue from Xbox gaming content and services decreased five percent. Hardware sales for Xbox were down 32 percent.
arp/dw
Source: LiveMint
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