Paul Sweeney
Bloomberg Radio co-host of Bloomberg Surveillance and Bloomberg Markets AM. He was previously Co-Director of Research for the Americas at Bloomberg Intelligence and spent about 20 years as an equity research analyst covering the media industry.
Microsoft Reshapes Xbox Around Margins With 3,200 Job Cuts
Bloomberg Technology reporter Brody Ford says Microsoft’s plan to cut about 20% of Xbox staff and divest several game studios is a margin reset, not a retreat from gaming. Ford frames the overhaul as part of Microsoft’s broader AI-era discipline: Xbox remains a material platform business, but its profitability has lagged comparable businesses while AI infrastructure spending and component costs put more pressure on the division.
AI Demand Broadens Beyond Hyperscalers Into Software, Devices and Space
Ivan Feinseth, chief investment officer at Tigress Financial, argued on Bloomberg Technology that the AI investment case is already broader than the hyperscale capex cycle and the next wave of AI IPOs. He pointed to Microsoft’s Azure and Copilot revenue, Adobe’s underrecognized AI content tools, Garmin’s health-and-wellness devices and SpaceX’s long-duration space story, while cautioning that AI-native IPOs may draw strong initial demand but will still have to prove themselves as public companies.