Microsoft reports Q1 Azure and other cloud services revenue up 40% YoY, vs. 38.4% est., and capital expenditures at $34.9B, vs. $30.34B est. (Reuters)

Reuters:
Microsoft reports Q1 Azure and other cloud services revenue up 40% YoY, vs. 38.4% est., and capital expenditures at $34.9B, vs. $30.34B est.  —  Microsoft reported blockbuster growth in its cloud-computing business on Wednesd…

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Sources: Mastercard is in late-stage talks to acquire the crypto and stablecoin infrastructure startup Zerohash for between $1.5B and $2B (Fortune)

Fortune:
Sources: Mastercard is in late-stage talks to acquire the crypto and stablecoin infrastructure startup Zerohash for between $1.5B and $2B  —  Mastercard’s stock has moved in response to reports of stablecoin interest from ban…

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Microsoft’s OpenAI investment resulted in a $3.1B hit to Q1 net income; Productivity and Business Processes revenue, with Office and LinkedIn, grew 17% to $33B (Ashley Capoot/CNBC)

Ashley Capoot / CNBC:
Microsoft’s OpenAI investment resulted in a $3.1B hit to Q1 net income; Productivity and Business Processes revenue, with Office and LinkedIn, grew 17% to $33B  —  Microsoft reported better-than-expected results …

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