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Commercial Cloud Helps Microsoft Log $32.5 bn in Revenue

LinkedIn revenue increased 29 per cent while Dynamics products and Cloud services revenue increased 17 per cent, driven by Dynamics 365 revenue growth of 51 per cent

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A man walks past a Microsoft sign set up for the Microsoft BUILD conference at Moscone Center in San Francisco, April 28, 2015. VOA

Riding on stupendous growth in its commercial Cloud services, Microsoft logged a revenue of $32.5 billion — up 12 per cent from a year ago — and a net income of $8.4 billion for the quarter ending on December 31.

The commercial Cloud business registered $9 billion in sales for the quarter, for a $36 billion annual run rate.

“Our strong commercial Cloud results reflect our deep and growing partnerships with leading companies in every industry including retail, financial services, and healthcare,” said Microsoft CEO Satya Nadella.

“We are delivering differentiated value across the cloud and edge as we work to earn customer trust every day.”

The revenue from Surface laptops increased 39 per cent. The company released Surface Pro 6 and Surface Laptop 2 during the quarter, along with Surface Studio 2 and Surface Headphones.

Revenue in personal computing was $13 billion and Surface is now almost a $2 billion business for Microsoft.

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Microsoft CEO Satya Nadella delivers the keynote address at Build, the company’s annual conference for software developers. VOA

“Our solid execution delivered another strong quarter, with commercial cloud revenue growing 48 per cent year-over-year to $9 billion,” said Amy Hood, Executive Vice President and Chief Financial Officer of Microsoft.

The revenue in productivity and business Processes was $10.1 billion and increased 13 per cent.

“Office Commercial products and cloud services revenue increased 11 per cent, driven by Office 365 Commercial revenue growth of 34 per cent,” said the company.

Also Read- Here’s Why Tim Cook is Not Able to Sell ‘Super Premium’ iPhones in India

Office 365 consumer subscriber base has now hit 33.3 million.

Gaming revenue increased 8 per cent, with Xbox software and services revenue growth of 31 per cent.

LinkedIn revenue increased 29 per cent while Dynamics products and Cloud services revenue increased 17 per cent, driven by Dynamics 365 revenue growth of 51 per cent. (IANS)

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Here’s Why Alphabet CEO Sundar Pichai Believes That Artificial Intelligence Needs To Be Regulated

Advanced AI which is beyond chat bots will soon be used to manipulate social media platforms like Facebook, Twitter or Instagram

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The Alphabet CEO Sundar Pichai stressed that "international alignment will be critical to making global standards work" on AI. Wikimedia Commons

Joining Microsoft President Brad Smith and Tesla CEO Elon Musk, Alphabet and Google CEO Sundar Pichai on Monday called for new regulations for Artificial Intelligence (AI), saying the only question now is how to approach it.

Although new regulation is needed, “a cautious approach is required that might not see significant controls placed on AI,” Pichai who was last month took over as the CEO of Alphabet, Google’s parent company, in an editorial piece in The Financial Times.

“There is no question in my mind that artificial intelligence needs to be regulated. It is too important not to. The only question is how to approach it”.

“Companies such as ours cannot just build promising new technology and let market forces decide how it will be used. It is equally incumbent on us to make sure that technology is harnessed for good and available to everyone,” Pichai wrote.

According to CNET, the timing of the editorial coincides with a big push from Google to reveal some of the results of its own work in AI and bring tools it has developed out into the world.

The Alphabet CEO stressed that “international alignment will be critical to making global standards work” on AI.

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Joining Microsoft President Brad Smith and Tesla CEO Elon Musk, Alphabet and Google CEO Sundar Pichai on Monday called for new regulations for Artificial Intelligence (AI), saying the only question now is how to approach it. Wikimedia Commons

We need to take a “principled approach to applying AI, said the company, while offering Google’s “expertise, experience and tools.”

“We need to be clear-eyed about what could go wrong,” he said.

His comments come as lawmakers and governments globally are considering to limit the use of AI in fields such as face recognition system – an issue close to Microsoft President Brad Smith’s heart who has often criticized the technology, urging governments to enact legislation regarding the technology.

“Unless we act, we risk waking up five years from now to find that facial recognition services have spread in ways that exacerbate societal issues,” said Smith.

Advanced AI which is beyond chat bots will soon be used to manipulate social media platforms like Facebook, Twitter or Instagram, Tesla CEO Elon Musk warned recently.

In his famous debate with former Alibaba Chairman Jack Ma, Musk entered into a lassic argument over the capabilities of emerging technologies like AI.

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Although new regulation is needed, “a cautious approach is required that might not see significant controls placed on AI,” Sundar Pichai who was last month took over as the CEO of Alphabet, Google’s parent company, in an editorial piece in The Financial Times. Pixabay

Musk said that computers will one day surpass humans in “every single way”. He has predicted that a single company that develops “God-like super intelligence” might achieve world domination.

ALSO READ: Suicide Rates Increasing Among Self-Employed Than Unemployed

If not regulated or controlled soon, AI could become an “immortal dictator” and there will be no escape for humans, the SpaceX CEO had warned. (IANS)

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