TNB Tech Minute: Microsoft to Invest Over $3 Billion in Wisconsin AI Projects
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 8 May 2024
⏱️ 2 minutes
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| 0:00.0 | OCI is the single platform for your infrastructure, database, application development, and AI needs. |
| 0:07.0 | Do more and spend less like Uber 8 by 8 and DataBrix Mosaic. |
| 0:12.0 | Take a free test drive of OCI at Oracle.com |
| 0:15.5 | slash Wall Street. |
| 0:18.8 | Here's your TMB Tech Minute for Wednesday, May 8th. |
| 0:21.9 | I'm Alex Osala for the Wall Street Journal. |
| 0:25.0 | Microsoft will invest more than $3 billion on artificial intelligence in Wisconsin. |
| 0:30.0 | The company is investing in a new data center and training programs to educate locals about |
| 0:34.2 | AI jobs in manufacturing. The announcement is the latest in a series of large investments |
| 0:39.1 | Microsoft has unveiled in the US, Europe, and Asia to expand the reach of its AI network. |
| 0:44.0 | Microsoft said the new site would initially create 2,300 construction jobs and eventually as many as 2,000 data center jobs. |
| 0:52.0 | Microsoft President Brad Smith was joined by President Biden to make the announcement. |
| 0:57.0 | Uber reported a loss last quarter. |
| 1:00.0 | Legal settlements and equity investments weighed on its results even as demand for its rides and |
| 1:04.7 | deliveries rose. |
| 1:06.4 | Uber posted a $654 million loss in the first quarter. |
| 1:10.6 | Analysts had expected a profit of $174 million. |
| 1:14.0 | The loss was a surprise for analysts who had predicted another profit for the quarter. |
| 1:18.0 | Uber posted its first full-year profit as a public company last year. |
| 1:22.0 | Uber shares ended the day down 5.7%. |
| 1:26.0 | And Meta is expanding a suite of generative AI tools for use by its advertisers. |
| 1:32.0 | Meta said that the new features would eventually allow its 10 million advertisers. Mena said that the new features would eventually allow its 10 million advertisers |
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