GoKawiil
Tech News
Data center developer Crusoe has secured a new $3 billion funding round valuing the company at $30 billion, according to Bloomberg. Atreides Management and Valor Equity Partners co-led the deal, with Mubadala Capital, part of Abu Dhabi's sovereign wealth fund, also participating.
Microsoft announced it will end unlimited Xbox Cloud Gaming access, replacing it with monthly hour caps tied to subscription level: 15 hours for Ultimate, 10 for Premium, and 5 for Essential, beginning in November. The company says rising cloud gaming costs are driving the change, and about 4% of subscribers will be affected, with an option to buy extra hours—also available to non-subscribers.
Jim Cramer told CNBC viewers that most of the Magnificent Seven tech stocks—Amazon, Alphabet, Meta, Microsoft, Tesla and Nvidia—have underperformed the S&P 500 this year and now trade at unusually cheap valuations. He argued the group's earnings multiples have fallen out of step with their growth prospects, particularly Amazon, which he says is poised to benefit from heavy AI infrastructure spending under CEO Andy Jassy.
Microsoft will impose monthly streaming time limits on Xbox Cloud Gaming beginning in November, with Game Pass Essential, Premium, and Ultimate subscribers getting 5, 10, and 15 hours respectively. Both subscribers and non-subscribers will be able to purchase extra streaming hours, though exact pricing hasn't been announced. Microsoft says only about 4% of subscribers will be affected, attributing the change to rising infrastructure costs.
Microsoft will begin limiting Xbox Cloud Gaming to monthly hour caps in November: 15 hours for Game Pass Ultimate, 10 for Premium, and 5 for Essential subscribers, after which users must purchase extra playtime. The company says only about 4% of Game Pass subscribers will be affected, and it will also let non-subscribers buy cloud hours to stream eligible owned games.
Zscaler reported fiscal fourth-quarter adjusted earnings of $1.19 per share on revenue of $898 million, topping Wall Street forecasts of $1.09 and $877 million respectively. Revenue climbed 25% year-over-year, and annual recurring revenue reached $3.77 billion, while the company's net loss narrowed to $3.4 million from $17.6 million a year earlier. CEO Jay Chaudhry credited demand for the company's Zero Trust cloud security architecture, including a new version built for AI agents, for the strong results.
Microsoft will end unlimited cloud streaming for Game Pass Ultimate subscribers, replacing it with monthly hour allotments: 15 hours for Ultimate, 10 for Premium, and 5 for Essential. Users who want more can buy extra cloud playtime hours through the Xbox Store, a feature now open even to people without a Game Pass subscription, including Xbox One owners wanting to try newer titles.
Microsoft plans to reorganize its financial reporting starting next fiscal quarter, dropping its existing three segments—Productivity and Business Processes, Intelligent Cloud, and More Personal Computing—in favor of two new categories: Devices and Consumer, and Agents and Infra. The change, first reported by The Wall Street Journal, is meant to better reflect how the company's business now revolves around AI agents and infrastructure.
Microsoft announced it will cap monthly cloud streaming hours for Xbox Game Pass tiers, ending years of unlimited access. Ultimate subscribers get 15 hours, Premium gets 10, and Essential gets 5, with an option to buy additional hours once limits are reached. The change takes effect in November, and non-subscribers will also be able to purchase cloud streaming time for games they already own.
Microsoft will let anyone buy cloud gaming playtime hours through the Xbox Store starting in November, letting non-subscribers stream eligible owned games without Game Pass. At the same time, Game Pass Ultimate subscribers will face a new monthly cap of just 15 cloud gaming hours, pushing heavy users toward buying extra hourly bundles. Microsoft is also testing a free, ad-supported cloud gaming tier for Xbox Insiders.
Microsoft will end unlimited Xbox Cloud Gaming access less than a year after introducing it, replacing it with monthly caps of 15 hours for Ultimate subscribers, 10 hours for Premium, and 5 hours for Essential. Players who exceed these limits will need to buy additional playtime bundles through the Xbox store, though unused hours can roll over. Microsoft says the change affects about 4% of Game Pass subscribers and cites rising infrastructure costs as the reason.
Nvidia has agreed to acquire Hugging Face, the open-source AI model repository used by over 18 million developers hosting more than 3 million models, in a deal valued at roughly $12.93 billion. Nvidia says Hugging Face will keep operating as an independent, open platform, allowing developers to use any framework, cloud or hardware, not just Nvidia's own chips.