Source: Bloomberg
Summary
Microsoft is reducing its artificial intelligence (AI) spending as part of its broader restructuring efforts. The company has cut its AI research and development group, affecting an unspecified number of employees. This move is part of Microsoft’s plan to eliminate 10,000 jobs globally. The decision reflects the company’s shift in priorities and its efforts to streamline operations. According to reports, Microsoft is focusing on applying AI to existing products rather than pursuing new AI research.
Our Reading
The launch follows a familiar script.
Microsoft joins the AI spending cutback club. The company is “streamlining” its AI operations, which is corporate speak for “we’re not making as much money as we thought we would.” The 10,000 job cuts are just the beginning. Microsoft is “focusing on applying AI to existing products,” which sounds like a nice way of saying “we’re not innovating as much as we used to.” The AI research and development group is the latest casualty. Because who needs research and development when you can just rebrand old ideas?
Author: Evan Null
