Phil Spencer Retires from Microsoft Xbox; AI Executive Asha Sharma Takes the Helm
— CNBC
Key Takeaway
Phil Spencer, the head of Microsoft's gaming division, is retiring after 38 years, with Asha Sharma, an AI executive, taking over. The transition comes amid challenges in the gaming sector, including declining revenue and competition from other console makers.
Phil Spencer is retiring from Microsoft after joining the software company 38 years ago, and will be replaced by Instacart's former COO.
Original reporting — we curate and summarize for context
Related Stories
Block Announces Layoff of 4,000 Workers, Citing AI as a Key Factor
In a letter to the company, CEO Jack Dorsey said AI tools are making fundamental changes to “what it means to build and run a company.” But tech experts say pandemic overhiring and overly-ambitious promises of AI have had a role in tech layoffs.
Block Lays Off 4,000 Employees, Citing AI Efficiency Gains
BANGKOK -- Shares in the financial technology company Block soared more than 20% in premarket trading Friday after its CEO announced it was laying off more than 4,000 of its 10,000 plus employees, reconfiguring to capitalize on its use of artificial intelligence.
Block to Cut Workforce by Nearly 50% Due to AI Advances, Says Jack Dorsey
Jack Dorsey reveals how AI is driving job losses at Block, reshaping the future of work and sparking controversy in the tech industry. Find out more.