PlayStation And Xbox Hit Back At Gamer Lawsuits Demanding Tariff Refunds: 'There Is Nothing Unjust About Plaintiff Purchasing An Xbox At An Advertised Price And Getting Exactly What He Paid For'

Microsoft president Brad Smith urged industry and governments to establish 'real and effective safety standards' for AI, citing recent security incidents. He proposed safety brakes for AI agents, mandatory incident reporting, and stronger pre-release testing. Smith is among industry leaders calling for increased AI safety measures, with Nvidia's Jensen Huang also emphasizing the need for safe AI development.

Microsoft's Azure division is evaluating a 20% cost reduction, potentially impacting 11,500 employees, as part of a restructuring to improve operational efficiency. Azure's revenue grew 40% YoY to $101.9B. Microsoft's stock is trading at $543.45, 8.3% below its intrinsic value of $592.48, with a GF Score of 99/100. Insiders have sold $114.6M in shares over the past year.

The U.S. Department of Labor suspended Microsoft (MSFT) and Adobe (ADBE) from the Permanent Labor Certification Program, alleging visa system abuse. The Trump Administration also excluded several tech firms. The government claims companies commit fraud, leaving Americans jobless. Vice President JD Vance criticized Microsoft for layoffs while applying for visas.

Microsoft's Azure division is exploring 20% cost cuts, according to a report, to offset AI data center spending and retain talent. The company disputes the characterization, citing routine scenario planning. Azure revenue grew 40% YoY to $101.9B. Leadership changes include Arun Ulag overseeing key cloud units. MSFT stock is up 12% YTD.

Microsoft's stock hit a record high of $543.45, with a market cap exceeding $4 trillion. The company reported strong cloud revenue growth and unveiled its Maia 300 AI chip, aiming to reduce reliance on external chipmakers. Microsoft's stock has surged 39% since July, outpacing some tech rivals but trailing the Nasdaq-100 index.

Microsoft reported $130B in new data center leases, bringing total commitments to $329.1B, up from $196.6B. The company attributes this to strong demand for AI infrastructure, with leases expected to support long-term needs. Costs will appear on the balance sheet upon payment initiation.