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Microsoft Profit Increases 18% While It Slows A.I. Spending

Since the release of the ChatGPT chatbot in 2022, Microsoft has plowed more and more money into building data centers in what one industry analyst called “the largest infrastructure build-out that humanity has ever seen.” But after 10 consecutive quarters of increased spending for artificial intelligence, the company has put on the brakes, according to…

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Secret Deals, Foreign Investments, Presidential Policy Changes: The Rise of Trump’s Crypto Firm

The pitch from “ZMoney” arrived on the encrypted messaging app Signal just days before Donald J. Trump’s presidential inauguration. “ZMoney” was Zachary Folkman, an entrepreneur who once ran a company called Date Hotter Girls and was now representing World Liberty Financial, the cryptocurrency firm that Mr. Trump and his sons had recently unveiled. Mr. Folkman…

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Alphabet Reports 12% Increase in Revenue

Google might be threatened with a breakup after losing two antitrust cases, but in the meantime it can console itself with piles of money. Alphabet, Google’s parent company, on Thursday posted revenue of $90.23 billion for the first quarter, up 12 percent from a year earlier. Net income was $34.54 billion, up from $23.66 billion….

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