- Microsoft (NASDAQ:MSFT) launches a new gaming cloud division.
- Kareem Choudhry, who has worked on Outlook an Xbox engineering, will head the new division and report to recently appointed gaming head Phil Spencer.
- Ubisoft already use Microsoft’s Azure cloud service for its Rainbow Six: Siege title across PC, Xbox, and PS4. Microsoft hopes more developers in the future will move to the cloud, which enables easier multiplayer experiences across devices.
- Microsoft has acquired a few companies in recent years that hinted at a shift towards cloud gaming. The most recent acquisition was PlayFab earlier this year.
- In other Microsoft news, the company is offering up a $250K bug bounty for “speculative execution” of recently disclosed CPU vulnerabilities that resemble the Meltdown and Spectre CPU flaws that struck Intel (NASDAQ:INTC).
- Microsoft shares are up 0.4% to $94.24.
- Previously: Microsoft acquires backend game platform provider for Azure (Jan. 29)
- Now read: Alleghany Annual Letter 2017
Original article