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Microsoft is changing how it reports financials, moving away from tracking server product growth. Instead, the tech giant is spotlighting its “Microsoft 365 Commercial products and cloud services.” This shift underscores Microsoft’s deeper commitment to cloud services and AI. Even with this change, the company remains strong, boasting $245.1 billion in annual revenue and a 22% boost in net income to $88 billion.
Amazon strengthens its AI and Edge computing portfolio by acquiring Perceive, a division of Xperi, for $80 million. Known for its on-device AI inference processor Ergo, Perceive will integrate into Amazon’s Devices & Services division. This acquisition aligns with Amazon’s goal to enhance Edge capabilities, bringing AI experiences closer to the user. The deal is set to close by the end of the year.
Dropbox has acquired Reclaim.ai, an AI-driven scheduling tool backed by Index Ventures and Calendly. Founded in 2019, Reclaim.ai helps users optimize time management and integrates with Google Calendar. The entire 22-person Reclaim.ai team will join Dropbox, continuing to enhance the tool under its new ownership. The acquisition aligns with Dropbox’s mission to improve productivity and explore new AI-driven work solutions.
Data center vacancy rates plunged to a record 2.8% in H1 2024, as reported by CBRE. With nearly 80% of 3.87 GW under construction preleased, demand from cloud and AI providers drives this trend. Atlanta led pricing surges, with a 26% hike, while Austin and San Antonio quadrupled construction activity year-over-year, signaling an intensifying competition for power capacity.
PromptArmor has identified a vulnerability in Slack AI where anyone can extract data from private channel. With deliberately misleading prompts, attackers can get Slack AI to reveal valuable information — like API keys — from channels they are not members of. The existence of this defect is causing worries about Slack AI’s security. Especially when it can now pull files from channels and DMs. PromptArmor suggests users should reduce the way this tool handles documents until they’ve laid it to rest.
