Microsoft's focus on AI and employee rewards

From Nasdaq: 2024-08-07 13:58:00

In a podcast, analyst Bill Mann and host Mary Long discuss Microsoft’s AI timeline and Starbucks’ customer experience. Bloomberg reporter Hannah Miller joins to discuss the Paris Olympics’ impact on NBC’s Peacock. Microsoft reported 17% revenue growth with a 29% rise in Azure revenue. CFO Amy Hood mentioned a 15-year timeline for AI investments to pay off. The company also announced cash rewards for non-executive employees. Microsoft is making a long-term bet on AI, despite short-term market reactions. Junior-level employees could receive up to 25% of their annual bonus as a one-time cash award. This move may indicate a focus on retaining AI talent amidst other layoffs within the company.



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