Meta Platforms is the odd company out in the Magnificent Seven when it comes to stock splits. Stock splits are all the rage these days after Nvidia Sony Lam Research and Chipotle recently announced plans to split their shares. Walmart has already split its stock earlier this year. Stock splits don’t change the value or fundamentals of a company. Read More...
Microsoft to invest $3.2 billion in Swedish cloud, AI
Microsoft will invest 33.7 billion Swedish crowns ($3.21 billion) to expand its cloud and artificial intelligence infrastructure in Sweden over a two-year period, the U.S. tech group said on Monday. The investment, Microsoft’s biggest to date in Sweden, includes a pledge to help train some 250,000 people with AI skills, corresponding to 2.4% of the population that will help boost the Nordic country’s competitiveness, it added. “This announcement goes beyond technology, it’s a commitment to ensuring broad access to the tools and skills needed for Sweden’s people and economy to thrive in the AI era,” Microsoft Vice Chair and President Brad Smith said in a statement.
Reuters•
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