most In its most recent quarter, Microsoft reported revenue worth $62 billion, operating income worth $27 billion, and net income worth $21.9 billion. It also recently cut 1,900 jobs. Alphabet reported revenues of $86.3 billion, operating income of $23.7 billion, net income of $20.7 billion, and a decrease in employee count of nearly 8,000 compared to the same period last year.
On the one hand, two of the most well-known companies in the tech industry have just delivered operating profits at or near an annual run rate of $100 billion. On the other hand, both companies have recently been working to reduce costs by cutting staff. There were the best times and there were the worst times.
There's a similar vibe in the startup world, with venture capital totals decreasing and many startups stuck between funding rounds or between private and public markets. At the same time, there are a number of very interesting emerging technology companies building new tools and services using and on top of rapidly advancing AI models. There were the best times and there were the worst times.