This quarter’s earnings reports from the U.S. tech giants coincide with a mountain of drama that the companies are facing.
Meta, Apple and Microsoft report in the two days after, and each company faces its own set of concerns.Meta's
EV company is expected to report a decline in sales of about 5%, which would be the first year-over-year revenue drop since 2020, when the Covid pandemic disrupted operations.
The dismissals came after nine Google workers were arrested on trespassing charges Tuesday night, staging a sit-in at the company's offices in New York and Sunnyvale, California, including a protest in Google Cloud CEO Thomas Kurian's office. The arrests, livestreamed on Twitch by participants, coincided with rallies outside Google offices in New York, Sunnyvale and Seattle, which attracted hundreds of attendees, according to workers involved.
Microsoft has invested more than $10 billion in OpenAI, whose ChatGPT chatbot kicked off the generative AI boom in late 2022. AI has been a major focus of Microsoft's earnings calls since then, as the company serves as OpenAI's key technology partner through its Azure cloud infrastructure.
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