Tag: Bloomberg L.P.

BusinessStartups

Microsoft Reportedly Mandates 30% Profit Margin Target for Xbox Division, Prompting Strategic Shifts

Microsoft’s Xbox division is undergoing significant restructuring amid reports of a mandated 30% profit margin target. The financial pressure has resulted in studio closures, game cancellations, and strategic realignments across Microsoft’s gaming ecosystem.

Xbox Division Faces Unprecedented Profitability Demands

Microsoft’s gaming division is navigating substantial operational changes following internal mandates for increased profitability, according to recent reports from Bloomberg. Sources indicate that Chief Financial Officer Amy Hood implemented a 30% profit margin target for the Xbox division in fall 2023, significantly exceeding industry norms and historical performance levels within Microsoft’s gaming operations.

by Elisa Romero
Assistive TechnologyInfrastructure

Meta Reportedly Secures $30 Billion Blue Owl Financing for Louisiana Data Center Campus

** Meta Platforms is reportedly close to securing a massive $30 billion financing package for its planned Hyperion data center campus in Louisiana. The deal, structured through a special-purpose vehicle, would see Meta own a minority stake in the facility while avoiding significant debt on its own balance sheet. **CONTENT:**

Massive Financing Deal for Louisiana Tech Hub

by Nathan Cole
AI ImpactPersonal Finance

AI in Finance Summit Reveals Key Trends in Agentic AI and Risk Management

Top financial industry leaders gathered at Bloomberg’s exclusive AI summit to explore transformative applications of artificial intelligence. Experts revealed how agentic AI systems are accelerating alpha generation and reshaping quantitative investment approaches.

Industry Leaders Gather for Exclusive AI Finance Summit

Financial industry leaders recently convened at Bloomberg’s invitation-only AI in Finance Summit in New York to explore the rapidly evolving role of artificial intelligence in financial services. According to reports from the event, experts from across the sector discussed how AI technologies are creating smarter workflow systems and enhancing risk management capabilities while maintaining focus on responsible innovation.

by Nathan Cole