Microsoft: Dual-screen devices for multitasking

The US tech company Microsoft (MSFT) has today announced five new products and two new dual-screen devices, Surface Neo and Duo, in its event in New York. According to Microsoft, the new dual-screen devices are being built in order to able more multitasking with one device and to enhance the mobile experience with Android apps.

– Surface Neo is dual-screen device built for productivity on Windows 10X, an expression of Windows 10. A 360-degree full-friction hinge connects two 9” screens, enabling Surface Neo to adapt to whatever posture you need in the moment. When you open it you have a full-size 13” display in the thinnest LCD in its class. It’s built for productivity and multitasking like a true PC would be, the company says.

– Surface Duo is the first Surface to fit in your pocket. Surface Duo brings together the best of Microsoft productivity experiences, Android apps and Surface hardware design into a single device you can take anywhere. And, yes, it makes phone calls. It has two paper-thin 5.6-inch screens that unfold to 8.3 inches, and just like Surface Neo, it can be used in a variety of modes to let you work the way you’d like, Microsoft adds.

-We’re excited to work with developers and the industry to create the next wave of dual-screen computing and unlock a new era of mobile creativity, the big tech says.

The company shares were down 1,79 % to 134,66 dollars in New York after the announcement.

Business Tech

Stocks tumbled in NY – hit by trade war

The financial markets tumbled today globally as a response to the tightening trade war between the US and China trade. The global economy growth was the main concern in the markets while the Chinese currency, yuan decreased to its lowest levels in decade, to around 7 per dollar. Last week the US President Donald Trump informed about the new tariffs in the China trade.

Dow Jones index closed down 2,9 % to 25 717 points, the S&P 500 index closed down 2,99 % to 2844 points and the tech-Nasdaq index down 3,47 % to 7726 points. The gold and Japanese yen increased.

Apple (AAPL) closed down 5,23 % to 193,34 dollars, ride-hailing company Uber (UBER)closed down 3,34 % to 39,05 dollars, IBM (IBM) closed down 4,41 % to 140,76 dollars, Microsoft (MSFT) closed down 3,43 % to 132,21 dollars and Walmart down 3,27 % 105,82 dollars. Luxury company Ralph Lauren (RL) closed also down 3,19 % to 95,73 dollars. The electric car manufacturer Tesla (TSLA) closed down 2,57 % to 228,32 dollars.

According to Bloomberg market analyst, the trade war could hit US jobs as early as the next two months. This would also increase the global pressures for more rate cuts by the central banks in Europe and in the US. Last week the Fed lowered its fed funds by 25 basis points for the first time since the financial crisis.

In Europe the stocks were also down. In London the FTSE 100 index closed down 2,47 % to 7223 points, in Germany the DAX-index closed down 1,80% to 11 658 points and in France the CAC 40 -index closed down 2,19 % to 5241 points.

In Asia the Hang Seng closed down 2,85 % to 26151 points in Hong Kong and the Nikkei 225 index closed down 1,74 % to 20720 points.

Business Finance

Microsoft to invest 1 billion dollars in OpenAI

The tech company Microsoft (MSFT)  has agreed to invest 1 billion dollars to artificial intelligence company OpenAI. The company will use Microsoft Azure cloud service to build powerful computing system and run AI software.

According to companies, the both companies will jointly develop supercomputing technology. The OpenAi started in 2015.

– The creation of AGI will be the most important technological development in human history, with the potential to shape the trajectory of humanity,” said Sam Altman, CEO, OpenAI.

– Our mission is to ensure that AGI technology benefits all of humanity, and we’re working with Microsoft to build the supercomputing foundation on which we’ll build AGI. We believe it’s crucial that AGI is deployed safely and securely and that its economic benefits are widely distributed. We are excited about how deeply Microsoft shares this vision, he said.

-AI is one of the most transformative technologies of our time and has the potential to help solve many of our world’s most pressing challenges,” said Satya Nadella, CEO, Microsoft.

– By bringing together OpenAI’s breakthrough technology with new Azure AI supercomputing technologies, our ambition is to democratize AI — while always keeping AI safety front and center — so everyone can benefit, Nadella concluded.

Business Finance Tech

Google and Microsoft – new video game streaming

Both big tech companies, Alphabet (GOOG:US)  with Google and Microsoft (MSFT:US), are on their way to build new video game streaming services for their customers. Google has “Project Stream” as a beta-version and Microsoft “Project XCloud” service. The idea in both of the services is to enable customers easy and working access to video game streaming.

-Scaling and building out Project xCloud is a multi-year journey for us. We’ll begin public trials in 2019 so we can learn and scale with different volumes and locations. Our focus is on delivering an amazing added experience to existing Xbox players and on empowering developers to scale to hundreds of millions of new players across devices, Microsoft comments.

Tech side is also experiencing a new event from Apple. According to company news, Apple (AAPL:US)  is having a new event at the end of October, 30th October, in New York. It is expected to cover news related to iPads and Macs.

Tech stocks have been performing well this year in the Wall Street and according to Bloomberg, Google´s one year return has been 8,78 percent, Microsoft´s 42,07 percent and Apple´s 36,88 percent.

 

Lifestyle Tech