Microsoft has reached a $4 trillion market cap, becoming only the second company to achieve this milestone. Investors drove the stock up 4.62% following the company's fourth-quarter earnings report, which showed strong growth in cloud-computing services fueled by artificial intelligence demand. Microsoft's Azure cloud business generated $75 billion in annual revenue, representing a 34% increase from the previous fiscal year.

Nvidia became the first company to reach the $4 trillion market cap earlier this month.

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Beijing has summoned Nvidia over alleged security issues with its chips, in a blow to the US company's push to revive sales in the country after Washington granted approval for the export of a made-for-China chip. From a report: China's cyber regulator on Thursday said it had held a meeting with Nvidia over what it called "serious security issues" with the company's artificial intelligence chips.

It said US AI experts had "revealed that Nvidia's computing chips have location tracking and can remotely shut down the technology." The Cyberspace Administration of China requested that Nvidia explain the security problems associated with the H20 chip, which was designed for the Chinese market to comply with US export restrictions, and submit documentation to support their case.

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Britain's Competition and Markets Authority concluded that Microsoft and Amazon hold "significant unilateral market power" in cloud services and recommended investigating both companies under new competition rules. The regulator said it had concerns about practices creating customer "lock-in" effects through egress fees and unfavorable licensing terms that trap businesses in difficult-to-exit contracts.

Microsoft and Amazon each control roughly 30-40% of the infrastructure-as-a-service market, while Google holds 5-10%. Microsoft disputed the findings, calling the cloud market "dynamic and competitive." Amazon said the probe recommendations were "unwarranted."

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Sony has filed a lawsuit in California court against Tencent, alleging the Chinese company's upcoming game Light of Motiram constitutes a "slavish clone" of Sony's Horizon series.

The complaint details extensive similarities between the games, from post-apocalyptic robot dinosaur settings to red-haired female protagonists. Tencent had approached Sony for licensing deals in 2024, which Sony rejected twice.

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Microsoft's internal pay guidelines show exactly how much the company will pay new engineering hires, according to documents obtained by Business Insider. The guidelines, updated in May, break down salary ranges, stock awards, and bonuses for every level from entry-level engineers to the company's most senior technical talent.

The documents come with an important caveat: recruiters can get approval to pay more when competing for exceptional candidates. At Microsoft's highest tier, Level 70 "distinguished engineers" can earn up to $408,000 in annual salary. But the real money comes from stock: these hires get up to $1.9 million in stock when they join, plus annual stock awards reaching $1.476 million.

The company uses different pay scales depending on location. Engineers in expensive markets like San Francisco get higher ranges than those at Microsoft's Redmond headquarters, where most hiring happens. For entry-level engineers at Level 57, Microsoft offers salaries between $83,000 and $108,000 in its main markets, with higher ranges of $95,800 to $124,600 in expensive areas like San Francisco. These new hires get modest stock awards of $5,000 to $13,000 and signing bonuses up to $9,000.

The company considers levels 57 through 59 as entry-level positions. The compensation jumps significantly as engineers advance. By Level 63, when engineers reach senior status, salaries range from $145,000 to $237,600 depending on location, with stock awards reaching $220,000.

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Microsoft has abandoned a decades-long tradition of calling out the names of its rivals in regulatory documents. From a report: When the 50-year-old technology company released its annual report Wednesday, the 101-page document contained zero references to longtime foes Apple and IBM.

Nor did it mention privately held challengers such as Anthropic or Databricks. Last year's Microsoft annual report officially designated over 25 companies as competitors. The names of Microsoft's enemies have appeared in its annual reports at least since 1994.

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