A multi-national corporation ( MNC ; also called a multi-national enterprise ( MNE ), trans-national enterprise ( TNE ), trans-national corporation ( TNC ), international corporation , or state less corporation , ) is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC to distinguish it from international portfolio investment organizations , such as some international mutual funds that invest in corporations abroad solely to diversify financial risks. Black's Law Dictionary suggests that a company or group should be considered a multi-national corporation "if it derives 25% or more of its revenue from out-of-home-country operations".
183-458: Microsoft Corporation is an American multinational technology conglomerate headquartered in Redmond, Washington . Founded in 1975, the company became highly influential in the rise of personal computers through software like Windows , and the company has since expanded to Internet services, cloud computing , video gaming and other fields. Microsoft is the largest software maker , one of
366-558: A 501(c)(4) organization supporting Kamala Harris's 2024 presidential campaign . In response to the report, he did not explicitly address the donation or endorse Harris, but said "this election is different." In 1998, Gates rejected the need for regulation of the software industry in testimony before the United States Senate. During the Federal Trade Commission 's (FTC) investigation of Microsoft in
549-644: A BASIC interpreter for the device. Gates called MITS and claimed that he had a working interpreter, and MITS requested a demonstration. Allen worked on a simulator for the Altair while Gates developed the interpreter, and it worked flawlessly when they demonstrated it to MITS in March 1975 in Albuquerque, New Mexico . MITS agreed to distribute it, marketing it as Altair BASIC . Gates and Allen established Microsoft on April 4, 1975, with Gates as CEO, and Allen suggested
732-907: A congressional page in the House of Representatives. He was a national merit scholar when he graduated from Lakeside School in 1973. He scored 1590 out of 1600 on the Scholastic Aptitude Tests (SAT) and enrolled at Harvard College in the autumn of 1973. He did not stay at Harvard long enough to choose a concentration, but took mathematics (including Math 55 ) and graduate level computer science courses. While at Harvard, he met fellow student and future Microsoft CEO Steve Ballmer . Gates left Harvard after two years while Ballmer stayed and graduated magna cum laude . Years later, Ballmer succeeded Gates as Microsoft's CEO and maintained that position from 2000 until his resignation in 2014. Gates devised an algorithm for pancake sorting as
915-791: A Microsoft employee, which an external law firm had begun probing in late 2019. During the COVID-19 pandemic, Gates has widely been looked at by media outlets as an expert on the issue, despite him not being a public official or having any prior medical training . His foundation did, however, establish the COVID-19 Therapeutics Accelerator in 2020 to hasten the development and evaluation of new and repurposed drugs and biologics to treat patients for COVID-19 , and, as of February 2021, Gates expressed that he and Anthony Fauci frequently talk and collaborate on matters including vaccines and other medical innovations to fight
1098-530: A November 2020 interview, he said: "What are these, like, nudists? I mean, you know, we ask you to wear pants, and no American says, or very few Americans say, that that's, like, some terrible thing." Melinda Gates suggested that people should emulate the philanthropic efforts of the Salwen family, who sold their home and gave away half of its value, as detailed in their book, The Power of Half . Gates and his wife invited Joan Salwen to Seattle to speak about what
1281-766: A basis in a national ethos , being ultimate without a specific nationhood, and that this lack of an ethos appears in their ways of operating as they enter into contracts with countries that have low human rights or environmental standards . In the world economy facilitated by multinational corporations, capital will increasingly be able to play workers, communities, and nations off against one another as they demand tax, regulation and wage concessions while threatening to move. In other words, increased mobility of multinational corporations benefits capital while workers and communities lose. Some negative outcomes generated by multinational corporations include increased inequality , unemployment , and wage stagnation . Raymond Vernon presents
1464-426: A breakthrough innovation in sustainable energy technology could drive down both greenhouse gas emissions and poverty, and bring economic benefits by stabilizing energy prices. In 2011, he said: "If you gave me the choice between picking the next 10 presidents or ensuring that energy is environmentally friendly and a quarter as costly, I'd pick the energy thing." In 2015, he wrote about the challenge of transitioning
1647-445: A call must verify on their respective ends. On October 7, Microsoft acquired Ally.io, a software service that measures companies' progress against OKRs . Microsoft plans to incorporate Ally.io into its Viva family of employee experience products. On January 18, 2022, Microsoft announced the acquisition of American video game developer and holding company Activision Blizzard in an all-cash deal worth $ 68.7 billion. Activision Blizzard
1830-500: A career in law. During his childhood, his family regularly attended a church of the Congregational Christian Churches , a Protestant Reformed denomination. Gates was small for his age and was bullied as a child. The family encouraged competition; one visitor reported that "it didn't matter whether it was hearts or pickleball or swimming to the dock; there was always a reward for winning and there
2013-520: A chain of Microsoft-branded retail stores, and on October 22, 2009, the first retail Microsoft Store opened in Scottsdale, Arizona ; the same day Windows 7 was officially released to the public. Windows 7's focus was on refining Vista with ease-of-use features and performance enhancements, rather than an extensive reworking of Windows. As the smartphone industry boomed in the late 2000s, Microsoft had struggled to keep up with its rivals in providing
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#17327654604572196-598: A combination of "microcomputer" and "software", and their first office was in Albuquerque. The first employee Gates and Allen hired was their high school collaborator Ric Weiland . They dropped the hyphen within a year and officially registered the trade name " Microsoft " with the Secretary of the State of New Mexico on November 26, 1976. Gates never returned to Harvard to complete his studies. Microsoft's Altair BASIC
2379-718: A combination of AI, high-performance computing and quantum computing . The service includes Copilot, a GPT-4 based large language model tool to query and visualize data, write code, initiate simulations, and educate researchers. At a November 2023 developer conference, Microsoft announced two new custom-designed computing chips: The Maia chip, designed to run large language models, and Cobalt CPU, designed to power general cloud services on Azure. On November 20, 2023, Satya Nadella announced that Sam Altman , who had been ousted as CEO of OpenAI just days earlier, and Greg Brockman , who had resigned as president, would join Microsoft to lead
2562-403: A company that services emissions-intensive private jets. In 2019, he began to divest from fossil fuels . He does not expect divestment itself to have much practical impact, but says that if his efforts to provide alternatives were to fail, he would not want to personally benefit from an increase in fossil fuel stock prices. After he published his book How to Avoid a Climate Disaster , parts of
2745-473: A competitive impact statement that said: "Beginning in 1988 and continuing until July 15, 1994, Microsoft induced many OEMs to execute anti-competitive 'per processor licenses. Under a per-processor license, an OEM pays Microsoft a royalty for each computer it sells containing a particular microprocessor, whether the OEM sells the computer with a Microsoft operating system or a non-Microsoft operating system. In effect,
2928-521: A completely new user interface with a novel start button , and 32-bit compatibility; similar to NT, it provided the Win32 API. Windows 95 came bundled with the online service MSN , which was at first intended to be a competitor to the Internet, and (for OEMs) Internet Explorer , a Web browser . Internet Explorer has not bundled with the retail Windows 95 boxes, because the boxes were printed before
3111-508: A corporation invests in a country in which it is not domiciled, it is called foreign direct investment (FDI). Countries may place restrictions on direct investment; for example, China has historically required partnerships with local firms or special approval for certain types of investments by foreigners, although some of these restrictions were eased in 2019. Similarly, the United States Committee on Foreign Investment in
3294-429: A danger especially for smaller investors who could not survive the potentially high losses. Gates also does not own any cryptocurrencies himself. Gates studied the work of Andrew Carnegie and John D. Rockefeller , and donated some of his Microsoft stock in 1994 to create the "William H. Gates Foundation". In 2000, Gates and his wife combined three family foundations and donated stock valued at $ 5 billion to create
3477-454: A day after hosting a Sting concert for 50 people, including Microsoft executives, in Davos , Switzerland. On January 23, 2023, Microsoft announced a new multi-year, multi-billion dollar investment deal with ChatGPT developer OpenAI . In June 2023, Microsoft released Azure Quantum Elements to run molecular simulations and calculations in computational chemistry and materials science using
3660-582: A demonstration, and over the course of a few weeks they developed an Altair emulator that ran on a minicomputer, and then the BASIC interpreter. The demonstration was held at MITS's offices in Albuquerque, New Mexico ; it was a success and resulted in a deal with MITS to distribute the interpreter as Altair BASIC . MITS hired Allen, and Gates took a leave of absence from Harvard to work with him at MITS in November 1975. Allen named their partnership "Micro-Soft",
3843-632: A fireside chat moderated by journalist and news anchor Shereen Bhan virtually at the Singapore FinTech Festival on December 8, 2020, on the topic, "Building Infrastructure for Resilience: What the COVID-19 Response Can Teach Us About How to Scale Financial Inclusion". Governments are there to think ahead to bad things that might happen. In the case of (the COVID-19) pandemic, not enough
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#17327654604574026-429: A free market system where there is little government interference. As a result, international wealth is maximized with free exchange of goods and services. To many economic liberals, multinational corporations are the vanguard of the liberal order. They are the embodiment par excellence of the liberal ideal of an interdependent world economy. They have taken the integration of national economies beyond trade and money to
4209-558: A further $ 1 billion to Breakthrough Energy. In December 2020, he called for the U.S. federal government to create institutes for clean energy research, analogous to the National Institutes of Health . Gates has also urged rich nations to shift to 100% synthetic beef industries to reduce greenhouse gas emissions from food production. Gates has been criticized for holding a large stake in Signature Aviation ,
4392-466: A joint venture with NBC since 1996. On October 1, Microsoft announced its intention to launch a news operation, part of a new-look MSN , with Windows 8 later in the month. On October 26, 2012, Microsoft launched Windows 8 and the Microsoft Surface . Three days later, Windows Phone 8 was launched. To cope with the potential for an increase in demand for products and services, Microsoft opened
4575-548: A major player in the industry. The press quickly identified Microsoft as being very influential on the IBM PC. PC Magazine asked if Gates was "the man behind the machine?". Gates oversaw Microsoft's company restructuring on June 25, 1981, which re-incorporated the company in Washington state and made Gates the president and chairman of the board, with Paul Allen as vice president and vice chairman. In early 1983, Allen left
4758-526: A major target of the controversy, will leave the company after the acquisition is finalized. The deal was closed on October 13, 2023. In December 2022, Microsoft announced a new 10-year deal with the London Stock Exchange Group for products including Microsoft Azure; Microsoft acquired around 4% of LSEG as part of the deal. In January 2023, CEO Satya Nadella announced Microsoft would lay off some 10,000 employees. The announcement came
4941-526: A million people that you didn't expect to die from a pandemic , or nuclear or bioterrorism ." Gates also identified innovation as the "real driver of progress" and pronounced that "America's way better today than it's ever been." Gates has often expressed concern about the potential harms of superintelligence ; in a Reddit "ask me anything", he stated that: First the machines will do a lot of jobs for us and not be super intelligent. That should be positive if we manage it well. A few decades after that though
5124-490: A million troops to help, and by February 1991, Iraqi forces were expelled from Kuwait. Due to the oil boycott from Kuwait and Iran, oil prices rose and quickly recovered. Saudi Arabia once again led OPEC, and thanks to assistance in defending Kuwait, new relations emerged between the USA and OPEC. Operation "Desert Storm" brought mutual dependence among the main oil producers. OPEC continued to influence global oil prices but recognized
5307-621: A mode for the Windows operating system rather than a separate and unique operating system. In March the company also established guidelines that censor users of Office 365 from using profanity in private documents. In April 2018, Microsoft released the source code for Windows File Manager under the MIT License to celebrate the program's 20th anniversary. In April the company further expressed willingness to embrace open source initiatives by announcing Azure Sphere as its own derivative of
5490-564: A modern smartphone operating system, falling behind Apple and Google -sponsored Android in the United States. As a result, in 2010 Microsoft revamped their aging flagship mobile operating system, Windows Mobile , replacing it with the new Windows Phone OS that was released in October that year. It used a new user interface design language, codenamed "Metro", which prominently used simple shapes, typography, and iconography, utilizing
5673-531: A motion-sensing input device made by Microsoft and designed as a video game controller , first introduced in November 2010, was upgraded for the 2013 release of the Xbox One video game console. Kinect's capabilities were revealed in May 2013: an ultra-wide 1080p camera, function in the dark due to an infrared sensor, higher-end processing power and new software, the ability to distinguish between fine movements (such as
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5856-601: A new 24/7 cable news channel, MSNBC . Microsoft created Windows CE 1.0 , a new OS designed for devices with low memory and other constraints, such as personal digital assistants . In October 1997, the Justice Department filed a motion in the Federal District Court , stating that Microsoft violated an agreement signed in 1994 and asked the court to stop the bundling of Internet Explorer with Windows. On January 13, 2000, Bill Gates handed over
6039-415: A new advanced AI research team. However, the plan was short-lived, as Altman was subsequently reinstated as OpenAI's CEO and Brockman rejoined the company amid pressure from OpenAI's employees and investors on its board. In March 2024, Inflection AI 's cofounders Mustafa Suleyman and Karen Simonyan announced their departure from the company in order to start Microsoft AI, with Microsoft acqui-hiring nearly
6222-643: A number of "holiday stores" across the U.S. to complement the increasing number of "bricks-and-mortar" Microsoft Stores that opened in 2012. On March 29, 2013, Microsoft launched a Patent Tracker. In August 2012, the New York City Police Department announced a partnership with Microsoft for the development of the Domain Awareness System which is used for Police surveillance in New York City . The Kinect ,
6405-409: A portion if it were to go through. On August 5, 2020, Microsoft stopped its xCloud game streaming test for iOS devices. According to Microsoft, the future of xCloud on iOS remains unclear and potentially out of Microsoft's hands. Apple has imposed a strict limit on " remote desktop clients " which means applications are only allowed to connect to a user-owned host device or gaming console owned by
6588-449: A record profit in 2007. The European Union imposed another fine of €899 million ($ 1.4 billion) for Microsoft's lack of compliance with the March 2004 judgment on February 27, 2008, saying that the company charged rivals unreasonable prices for key information about its workgroup and backoffice servers. Microsoft stated that it was in compliance and that "these fines are about the past issues that have been resolved". 2007 also saw
6771-477: A result of the 2020 United States presidential election which led to the January 6 United States Capitol attack , Gates said a permanent ban of Trump "would be a shame" and would be an "extreme measure". He warned that it would cause "polarization" if users with different political views divide up among various social networks, and said: "I don't think banning somebody who actually did get a fair number of votes (in
6954-441: A rudimentary computer to track and analyze automobile traffic data. Gates enrolled at Harvard University while Allen pursued a degree in computer science at Washington State University , though he later dropped out to work at Honeywell . The January 1975 issue of Popular Electronics featured Micro Instrumentation and Telemetry Systems 's (MITS) Altair 8800 microcomputer, which inspired Allen to suggest that they could program
7137-430: A solution to one of a series of unsolved problems presented in a combinatorics class by professor Harry Lewis . His solution held the record as the fastest version for over 30 years, and its successor is faster by only 2%. His solution was formalized and published in collaboration with Harvard computer scientist Christos Papadimitriou . Gates remained in contact with Paul Allen and joined him at Honeywell during
7320-533: A thumb movement), and determining a user's heart rate by looking at their face. Microsoft filed a patent application in 2011 that suggests that the corporation may use the Kinect camera system to monitor the behavior of television viewers as part of a plan to make the viewing experience more interactive. On July 19, 2013, Microsoft stocks suffered their biggest one-day percentage sell-off since the year 2000, after its fourth-quarter report raised concerns among investors on
7503-580: A water, sanitation and hygiene program to provide sustainable sanitation services in poor countries. Its agriculture division supports the International Rice Research Institute in developing Golden Rice , a genetically modified rice variant used to combat vitamin A deficiency . The foundation aims to provide women and girls in the developing world with information and support regarding contraception and, ultimately, universal access to consensual family planning . In 2007,
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7686-502: Is US$ 500,000 per year. Some analysts deemed this unthinkable ten years prior, however, as in 2001 then-CEO Steve Ballmer called Linux "cancer". Microsoft planned to launch a preview of Intune for Education "in the coming weeks", with general availability scheduled for spring 2017, priced at $ 30 per device, or through volume licensing agreements. In January 2018, Microsoft patched Windows 10 to account for CPU problems related to Intel's Meltdown security breach . The patch led to issues with
7869-594: Is best known for producing franchises, including but not limited to Warcraft , Diablo , Call of Duty , StarCraft , Candy Crush Saga , Crash Bandicoot , Spyro , Tony Hawk's , Guitar Hero , and Overwatch . Activision and Microsoft each released statements saying the acquisition was to benefit their businesses in the metaverse , many saw Microsoft's acquisition of video game studios as an attempt to compete against Meta Platforms , with TheStreet referring to Microsoft wanting to become "the Disney of
8052-545: Is considered one of the Big Five American information technology companies, alongside Alphabet , Amazon , Apple , and Meta . However it has been criticized for its monopolistic practices and the company's software has been criticized for problems with ease of use , robustness , and security . Childhood friends Bill Gates and Paul Allen sought to make a business using their skills in computer programming . In 1972, they founded Traf-O-Data , which sold
8235-410: Is often handled through international arbitration . The actions of multinational corporations are strongly supported by economic liberalism and free market system in a globalized international society. According to the economic realist view, individuals act in rational ways to maximize their self-interest and therefore, when individuals act rationally, markets are created and they function best in
8418-865: Is usually a large corporation incorporated in one country that produces or sells goods or services in various countries. Two common characteristics shared by MNCs are their large size and centrally controlled worldwide activities. MNCs may gain from their global presence in a variety of ways. First of all, MNCs can benefit from the economy of scale by spreading R&D expenditures and advertising costs over their global sales, pooling global purchasing power over suppliers, and utilizing their technological and managerial experience globally with minimal additional costs. Furthermore, MNCs can use their global presence to take advantage of underpriced labor services available in certain developing countries and gain access to special R&D capabilities residing in advanced foreign countries. The problem of moral and legal constraints upon
8601-553: The Los Angeles Times criticized the foundation for investing its assets in companies that have been accused of worsening poverty, pollution and pharmaceutical firms that do not sell to developing countries . Although the foundation announced a review of its investments to assess social responsibility, it was subsequently canceled and upheld its policy of investing for maximum return, while using voting rights to influence company practices. Gates delivered his thoughts in
8784-523: The 2015 United Nations Climate Change Conference in Paris. One was Mission Innovation , in which 20 national governments pledged to double their spending on research and development for carbon-free energy in over five years' time. Another initiative was Breakthrough Energy , a group of investors who agreed to fund high-risk startups in clean energy technologies. Gates, who had already invested $ 1 billion of his own money in innovative energy startups, committed
8967-615: The Bill & Melinda Gates Foundation , which was identified by the Funds for NGOs company in 2013, as the world's largest charitable foundation, with assets reportedly valued at more than $ 34.6 billion. The foundation allows benefactors to access information that shows how its money is being spent, unlike other major charitable organizations such as the Wellcome Trust . Gates, through his foundation, also donated $ 20 million to
9150-553: The Carnegie Mellon University for a new building to be named Gates Center for Computer Science which opened in 2009. Gates has credited the generosity and extensive philanthropy of David Rockefeller as a major influence. He and his father met with Rockefeller several times, and their charity work is partly modeled on the Rockefeller family 's philanthropic focus, whereby they are interested in tackling
9333-1022: The IBM PC–compatible operating system market and the office software suite market since the 1990s. Its best-known software products are the Windows line of operating systems , the Microsoft 365 suite of productivity applications, the Azure cloud computing platform, and the Edge web browser. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Other consumer and enterprise software it produces include Internet search with Bing ; digital services through MSN ; mixed reality through HoloLens ; cloud computing with Azure ; and software development through Visual Studio . Today, Microsoft
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#17327654604579516-595: The Linux operating system. In May 2018, Microsoft partnered with 17 American intelligence agencies to develop cloud computing products. The project is dubbed "Azure Government" and has ties to the Joint Enterprise Defense Infrastructure (JEDI) surveillance program. On June 4, 2018, Microsoft officially announced the acquisition of GitHub for $ 7.5 billion, a deal that closed on October 26, 2018. On July 10, 2018, Microsoft revealed
9699-468: The Microsoft Azure virtual machines reliant on Intel's CPU architecture. On January 12, Microsoft released PowerShell Core 6.0 for the macOS and Linux operating systems. In February 2018, Microsoft killed notification support for their Windows Phone devices which effectively ended firmware updates for the discontinued devices. In March 2018, Microsoft recalled Windows 10 S to change it to
9882-594: The Microsoft Office suite which bundled separate applications such as Microsoft Word and Microsoft Excel . On May 22, Microsoft launched Windows 3.0 , featuring streamlined user interface graphics and improved protected mode capability for the Intel 386 processor, and both Office and Windows became dominant in their respective areas. On July 27, 1994, the Department of Justice's Antitrust Division filed
10065-578: The Open Networking Foundation started on March 23, 2011. Fellow founders were Google , HPE Networking , Yahoo! , Verizon Communications , Deutsche Telekom and 17 other companies. This nonprofit organization is focused on providing support for a cloud computing initiative called Software-Defined Networking. The initiative is meant to speed innovation through simple software changes in telecommunications networks, wireless networks, data centers, and other networking areas. Following
10248-511: The Surface Go platform to the public. Later in the month, it converted Microsoft Teams to gratis . In August 2018, Microsoft released two projects called Microsoft AccountGuard and Defending Democracy. It also unveiled Snapdragon 850 compatibility for Windows 10 on the ARM architecture . In August 2018, Toyota Tsusho began a partnership with Microsoft to create fish farming tools using
10431-644: The Swedish Africa Company founded in 1649 and the Hudson's Bay Company founded in 1670. These early corporations engaged in international trade and exploration and set up trading posts. The Dutch government took over the VOC in 1799, and during the 19th century, other governments increasingly took over private companies, most notably in British India. During the process of decolonization ,
10614-936: The TRS-80 Model 100 , but he wrote code that shipped with the company's products as late as 1989. Jerry Pournelle wrote in 1985 when Gates announced Microsoft Excel : "Bill Gates likes the program, not because it's going to make him a lot of money (although I'm sure it will do that), but because it's a neat hack ." During the late 1990s, he was criticized for his business tactics , which were considered anti-competitive . This opinion has been upheld by numerous court rulings. In June 2006, Gates announced that he would transition out of his role at Microsoft to dedicate more time to philanthropy. He gradually divided his responsibilities between two successors when he placed Ray Ozzie in charge of management and Craig Mundie in charge of long-term product strategy. The process took two years to fully transfer his duties to Ozzie and Mundie, and
10797-707: The University of Essex stated, "Gates speaks as if all the lives being lost in India are inevitable but eventually the West will help when in reality the US & UK are holding their feet on the neck of developing states by refusing to break [intellectual property rights] protections. It's disgusting." Gates is opposed to the TRIPS waiver . Bloomberg News reported him as saying he argued that Oxford University should not give away
10980-602: The World Wide Web . With a few exceptions of new companies, like Netscape , Microsoft was the only major and established company that acted fast enough to be a part of the World Wide Web practically from the start. Other companies like Borland , WordPerfect , Novell , IBM and Lotus , being much slower to adapt to the new situation, would give Microsoft market dominance. The company released Windows 95 on August 24, 1995, featuring pre-emptive multitasking ,
11163-488: The Xbox Series X and Xbox Series S video game consoles. In February 2021, Microsoft released Azure Quantum for public preview. The public cloud computing platform provides access to quantum software and quantum hardware including trapped ion , neutral atom , and superconducting systems. In April 2021, Microsoft announced it would buy Nuance Communications for approximately $ 16 billion. The acquisition of Nuance
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#173276546045711346-729: The history of colonialism . The first multi-national corporations were founded to set up colonial "factories" or port cities. The two main examples were the British East India Company founded in 1600 and the Dutch East India Company (VOC) founded in 1602. In addition to carrying on trade between Great Britain and its colonies, the British East India Company became a quasi-government in its own right, with local government officials and its own army in India. Other examples include
11529-807: The mobile operating system race to Android was his biggest mistake. He stated that it was within their skill set of being the dominant player, but partially blames the antitrust litigation during the time. That same year, Gates became an advisory board member of the Bloomberg New Economy Forum . In March 2020, Microsoft announced Gates would be leaving his board positions at Berkshire Hathaway and Microsoft to dedicate himself to philanthropic endeavors such as climate change, global health and development, and education. The Wall Street Journal reported in May 2021 that Gates stepped down before Microsoft's board finished its investigation into Gates's alleged inappropriate sexual relationship with
11712-574: The most valuable public U.S. companies, and one of the most valuable brands globally. Microsoft was founded by Bill Gates and Paul Allen to develop and sell BASIC interpreters for the Altair 8800 . It rose to dominate the personal computer operating system market with MS-DOS in the mid-1980s, followed by Windows. The company's 1986 initial public offering (IPO) and subsequent rise in its share price created three billionaires and an estimated 12,000 millionaires among Microsoft employees. Since
11895-492: The "federal, state, and local contracts." Gates has also provided personal donations to educational institutions. In 1999, Gates donated $ 20 million to the Massachusetts Institute of Technology for the construction of a computer laboratory named the "William H. Gates Building" that was designed by architect Frank Gehry . While Microsoft had previously given financial support to the institution, this
12078-584: The 1990s, Gates was reportedly upset at then Commissioner Dennis Yao for "float[ing] a line of hypothetical questions suggesting possible curbs on Microsoft's growing monopoly power". According to one source: Gates was vexed. "He started by calling Yao's ideas socialistic," recalls a source familiar with the July 15 meeting, "and as he got angrier and angrier and louder and louder, he got into calling them Communistic." After Facebook and Twitter had banned Donald Trump from their platforms on February 18, 2021, as
12261-553: The 1990s, it has increasingly diversified from the operating system market. Steve Ballmer replaced Gates as CEO in 2000 which would see the then-largest of Microsoft's corporate acquisitions in Skype Technologies in 2011, and an increased focus on hardware that led to its first in-house PC line, the Surface, in 2012, and the formation of Microsoft Mobile through Nokia . Since Satya Nadella took over as CEO in 2014,
12444-617: The Bill & Melinda Gates Foundation, reported to be the world's largest private charity . Through the foundation, he led an early 21st century vaccination campaign that significantly contributed to the eradication of the wild poliovirus in Africa. In 2010, Gates and Warren Buffett founded the Giving Pledge , whereby they and other billionaires pledge to give at least half of their wealth towards philanthropy. William Henry Gates III
12627-571: The CEO position to Steve Ballmer , an old college friend of Gates and employee of the company since 1980, while creating a new position for himself as Chief Software Architect . Various companies including Microsoft formed the Trusted Computing Platform Alliance in October 1999 to (among other things) increase security and protect intellectual property through identifying changes in hardware and software. Critics decried
12810-551: The English language. Senior officials, although mostly still Swedish, all learned English and all major internal documents were in English, the lingua franca of multinational corporations. After the war, the number of businesses having at least one foreign country operation rose drastically from a few thousand to 78,411 in 2007. Meanwhile, 74% of parent companies are located in economically advanced countries. Developing and former communist countries such as China, India, and Brazil are
12993-428: The European colonial charter companies were disbanded, with the final colonial corporation, the Mozambique Company , dissolving in 1972. Mining of gold, silver, copper, and oil was a major activity early on and remains so today. International mining companies became prominent in Britain in the 19th century, such as the Rio Tinto company founded in 1873, which started with the purchase of sulfur and copper mines from
13176-797: The IBM PC in August 1981. IBM had copyrighted the IBM PC BIOS , so other companies had to reverse engineer it for non-IBM hardware to run as IBM PC compatibles , but no such restriction applied to the operating systems. Microsoft eventually became the leading PC operating systems vendor. The company expanded into new markets with the release of the Microsoft Mouse in 1983, as well as with a publishing division named Microsoft Press . Paul Allen resigned from Microsoft in 1983 after developing Hodgkin's lymphoma . Allen claimed in Idea Man: A Memoir by
13359-575: The International Energy Agency (IEA), enabling states to coordinate policy, gather data, and monitor global oil reserves. In the 1970s, OPEC gradually nationalized the Seven Sisters. The Kingdom of Saudi Arabia, as the only largest world oil producer, could leverage this. However, Saudi Arabia opted for the correct approach and maintained consistent oil prices throughout the 1970s. In 1979, the "second oil shock" came from
13542-484: The Microsoft Azure application suite for Internet of things (IoT) technologies related to water management. Developed in part by researchers from Kindai University , the water pump mechanisms use artificial intelligence to count the number of fish on a conveyor belt , analyze the number of fish, and deduce the effectiveness of water flow from the data the fish provide. The specific computer programs used in
13725-548: The Microsoft board in February 2014 and assumed the role of technology adviser to support newly appointed CEO Satya Nadella . In March 2020, Gates left his board positions at Microsoft and Berkshire Hathaway to focus on his philanthropic efforts on climate change , global health and development, and education. Since 1987, Gates has been included in the Forbes list of the world's top billionaires . From 1995 to 2017, he held
13908-511: The Netherlands has become a popular choice, as its company laws have fewer requirements for meetings, compensation, and audit committees, and Great Britain had advantages due to laws on withholding dividends and a double-taxation treaty with the United States. Corporations can legally engage in tax avoidance through their choice of jurisdiction but must be careful to avoid illegal tax evasion . Corporations that are broadly active across
14091-558: The OLI framework. The other theoretical dimension of the role of multinational corporations concerns the relationship between the globalization of economic engagement and the culture of national and local responses. This has a history of self-conscious cultural management going back at least to the 60s. For example: Ernest Dichter, architect, of Exxon's international campaign, writing in the Harvard Business Review in 1963,
14274-465: The PC. Microsoft made a deal with SCP to be the exclusive licensing agent of 86-DOS, and later the full owner. Microsoft employed Paterson to adapt the operating system for the PC and delivered it to IBM as PC DOS for a one-time fee of $ 50,000. The contract itself only earned Microsoft a relatively small fee. It was the prestige brought to Microsoft by IBM's adoption of their operating system that would be
14457-586: The Spanish government. Rio Tinto, now based in London and Melbourne , Australia, has made many acquisitions and expanded globally to mine aluminum , iron ore , copper , uranium , and diamonds . European mines in South Africa began opening in the late 19th century, producing gold and other minerals for the world market, jobs for locals, and business and profits for companies. Cecil Rhodes (1853–1902)
14640-464: The Third World colonies. That changed dramatically after 1945 as investors turned to industrialized countries and invested in manufacturing (especially high-tech electronics, chemicals, drugs, and vehicles) as well as trade. Sweden's leading manufacturing concern was SKF , a leading maker of bearings for machinery. In order to expand its international business, it decided in 1966 it needed to use
14823-523: The U.S. Department of Justice in 2004. On October 25, 2001, Microsoft released Windows XP , unifying the mainstream and NT lines of OS under the NT codebase. The company released the Xbox later that year, entering the video game console market dominated by Sony and Nintendo . In March 2004 the European Union brought antitrust legal action against the company , citing it abused its dominance with
15006-636: The U.S. applies its corporate taxation "extraterritorially", which has motivated tax inversions to change the home state. By 2019, most OECD nations, with the notable exception of the U.S., had moved to territorial tax in which only revenue inside the border was taxed; however, these nations typically scrutinize foreign income with controlled foreign corporation (CFC) rules to avoid base erosion and profit shifting . In practice, even under an extraterritorial system, taxes may be deferred until remittance, with possible repatriation tax holidays , and subject to foreign tax credits . Countries generally cannot tax
15189-540: The U.S. smartphone market in January 2016 was 2.7%. During the summer of 2015 the company lost $ 7.6 billion related to its mobile-phone business, firing 7,800 employees. In 2015, the construction of a data center in Mecklenburg County , Virginia led to the destruction of a historic African American cemetery despite archeological recommendations for preservation. On March 1, 2016, Microsoft announced
15372-541: The United States sanctions against Iran ; European companies faced with the possibility of losing access to the U.S. market by trading with Iran. International investment agreements also facilitate direct investment between two countries, such as the North American Free Trade Agreement and most favored nation status. Raymond Vernon reported in 1977 that of the largest multinationals focused on manufacturing, 250 were headquartered in
15555-506: The United States scrutinizes foreign investments. In addition, corporations may be prohibited from various business transactions by international sanctions or domestic laws. For example, Chinese domestic corporations or citizens have limitations on their ability to make foreign investments outside China, in part to reduce capital outflow . Countries can impose extraterritorial sanctions on foreign corporations even for doing business with other foreign corporations, which occurred in 2019 with
15738-614: The United States as the largest consumer and guarantor of the existing oil security order. Since the Iraq War, OPEC has had only a minor influence on oil prices, but it has expanded to 11 members, accounting for about 40 percent of total global oil production, although this is a decline from nearly 50 percent in 1974. Oil has practically become a common commodity, leading to much more volatile prices. Most OPEC members are wealthy, and most remain dependent on oil revenues, which has serious consequences, such as when OPEC members were pressured by
15921-461: The United States from 2010. The USA became the leading oil producer, creating tension with OPEC. In 2014, Saudi Arabia increased production to push new American producers out of the market, leading to lower prices. OPEC then reduced production in 2016 to raise prices, further worsening relations with the United States. By 2012, only 7% of the world's known oil reserves were in countries that allowed private international companies free rein; 65% were in
16104-477: The United States on the global oil market. In 1959, companies lowered the price of oil due to a surplus in the market. This reduction dealt a significant blow to the finances of producers. Saudi oil minister Abdullah Tariki and Venezuela’s Juan Perez Alfonso entered into a secret agreement (the Mahdi Pact), promising that if the price of oil was lowered a second time, they would take collective action against
16287-645: The United States turned to foreign oil sources, which had a significant impact on the recovery of the West after World War II. Most of the world's oil was found in Latin America and the Middle East, particularly in the Arab states of the Persian Gulf. This increase in non-American production was enabled by multinational corporations known as the 'Seven Sisters'. The "Seven Sisters" was a common term for
16470-629: The United States, 115 in Western Europe, 70 in Japan, and 20 in the rest of the world. The multinationals in banking numbered 20 headquartered in the United States, 13 in Europe, nine in Japan and three in Canada. Today multinationals can select from a variety of jurisdictions for various subsidiaries, but the ultimate parent company can select a single legal domicile ; The Economist suggests that
16653-459: The United States. That year the company also launched the Surface "digital table", later renamed PixelSense . Released in January 2007, the next version of Windows, Vista , focused on features, security and a redesigned user interface dubbed Aero . Microsoft Office 2007 , released at the same time, featured a " Ribbon " user interface which was a significant departure from its predecessors. Relatively strong sales of both products helped to produce
16836-456: The West to the post-colonial South and invest either in foreign expenditures or ostentatious economic development projects. After 1974, most of the money from OPEC members ceased as payments for goods and services or investments in Western industry. In February 1974, the first Washington Energy Conference was convened. The most significant contribution of this conference was the establishment of
17019-492: The Windows OS, resulting in a judgment of €497 million ($ 613 million) and requiring Microsoft to produce new versions of Windows XP without Windows Media Player : Windows XP Home Edition N and Windows XP Professional N. In November 2005, the company's second video game console, the Xbox 360 , was released. There were two versions, a basic version for $ 299.99 and a deluxe version for $ 399.99. Increasingly present in
17202-496: The ability to detect, decide and engage before the enemy." In November 2018, Microsoft introduced Azure Multi-Factor Authentication for Microsoft Azure. In December 2018, Microsoft announced Project Mu , an open source release of the Unified Extensible Firmware Interface (UEFI) core used in Microsoft Surface and Hyper-V products. The project promotes the idea of Firmware as a Service . In
17385-582: The adoption of the bill. The bill should cut the global greenhouse gas emissions in a level similar to "eliminating the annual planet-warming pollution of France and Germany combined" and may help to limit the warming of the planet to 1.5 degrees – the target of the Paris Agreement . He thanked both Joe Manchin and Chuck Schumer for their efforts in a guest essay in The New York Times , where he said "Inflation Reduction Act of 2022 may be
17568-461: The alliance as a way to enforce indiscriminate restrictions over how consumers use software, and over how computers behave, and as a form of digital rights management : for example, the scenario where a computer is not only secured for its owner but also secured against its owner as well. On April 3, 2000, a judgment was handed down in the case of United States v. Microsoft Corp. , calling the company an "abusive monopoly." Microsoft later settled with
17751-469: The behavior of multinational corporations, given that they are effectively "stateless" actors, is one of several urgent global socioeconomic problems that has emerged during the late twentieth century. Potentially, the best concept for analyzing society's governance limitations over modern corporations is the concept of "stateless corporations". Coined at least as early as 1991 in Business Week ,
17934-429: The board of directors and became chief software architect. During the late 1990s, he was criticized for his business tactics , which were considered anti-competitive . In June 2008, Gates transitioned into a part-time role at Microsoft and full-time work at the Bill & Melinda Gates Foundation , the private charitable foundation he and his then-wife Melinda had established in 2000. He stepped down as chairman of
18117-461: The climate activist community criticized Gates's approach as technological solutionism . In 2022, educational streamer Wondrium produced the series "Solving for Zero: The Search for Climate Innovation" inspired by the book. In June 2021, Gates's company TerraPower and Warren Buffett 's PacifiCorp announced the first sodium nuclear reactor in Wyoming . Wyoming Governor Mike Gordon hailed
18300-606: The co-founder of Microsoft that Gates wanted to dilute his share in the company when he was diagnosed with Hodgkin's disease because he did not think that he was working hard enough. Allen later invested in low-tech sectors, sports teams, commercial real estate, neuroscience, private space flight, and more. Microsoft released Windows 1.0 on November 20, 1985, as a graphical extension for MS-DOS , despite having begun jointly developing OS/2 with IBM that August. Microsoft moved its headquarters from Bellevue to Redmond, Washington , on February 26, 1986, and went public on March 13, with
18483-742: The collapse of the Shah's regime in Iran. Iran became a regional power due to oil money and American weapons. The Shah eventually abdicated and fled the country. This prompted a strike by thousands of Iranian oil workers, significantly reducing oil production in Iran. Saudi Arabia tried to cope with the crisis by increasing production, but oil prices still soared, leading to the "second oil shock." Saudi Arabia significantly reduced oil production, losing most of its revenues. In 1986, Riyadh changed course, and oil production in Saudi Arabia sharply increased, flooding
18666-654: The companies. This occurred in 1960. Prior to the 1973 oil crisis , the Seven Sisters controlled around 85 percent of the world's petroleum reserves . In the 1970s, most countries with large reserves nationalized their reserves that had been owned by major oil companies. Since then, industry dominance has shifted to the OPEC cartel and state-owned oil and gas companies, such as Saudi Aramco , Gazprom (Russia), China National Petroleum Corporation , National Iranian Oil Company , PDVSA (Venezuela), Petrobras (Brazil), and Petronas (Malaysia). A unilateral increase in oil prices
18849-685: The company after receiving a Hodgkin lymphoma diagnosis, effectively ending the formal business partnership between Gates and Allen, which had been strained months prior due to a contentious dispute over Microsoft equity. Later in the decade, Gates repaired his relationship with Allen and together the two donated millions to their childhood school Lakeside. They remained friends until Allen's death in October 2018. Microsoft and Gates launched their first retail version of Microsoft Windows on November 20, 1985, in an attempt to fend off competition from Apple 's Macintosh GUI , which had captivated consumers with its simplicity and ease of use. In August 1986,
19032-603: The company announced it was laying off 1,850 workers, and taking an impairment and restructuring charge of $ 950 million. In June 2016, Microsoft announced a project named Microsoft Azure Information Protection. It aims to help enterprises protect their data as it moves between servers and devices. In November 2016, Microsoft joined the Linux Foundation as a Platinum member during Microsoft's Connect(); developer event in New York. The cost of each Platinum membership
19215-611: The company has changed focus towards cloud computing , as well as its large acquisition of LinkedIn for $ 26.2 billion in 2016. Under Nadella's direction, the company has also expanded its video gaming business to support the Xbox brand, establishing the Microsoft Gaming division in 2022, which is currently the third-largest gaming company in the world by revenue, following the 2023 acquisition of Activision Blizzard for $ 68.7 billion. Microsoft has been market-dominant in
19398-465: The company produced in its first five years. As the company grew, he transitioned into a manager role, then an executive. DONKEY.BAS , is a computer game written in 1981 and included with early versions of the PC DOS operating system distributed with the original IBM PC. It is a driving game in which the player must avoid hitting donkeys . The game was written by Gates and Neil Konzen . IBM ,
19581-518: The company struck a deal with IBM to develop a separate operating system called OS/2 . Although the two companies successfully developed the first version of the new system, the partnership deteriorated due to mounting creative differences. The operating system grew out of DOS in an organic fashion over a decade until Windows 95 , which hid the DOS prompt by default. Windows XP was released one year after Gates stepped down as Microsoft CEO. Windows 8.1
19764-628: The company's war profiteering from a $ 480 million contract to develop virtual reality headsets for the United States Army . On March 26, 2020, Microsoft announced it was acquiring Affirmed Networks for about $ 1.35 billion. Due to the COVID-19 pandemic , Microsoft closed all of its retail stores indefinitely due to health concerns. On July 22, 2020, Microsoft announced plans to close its Mixer service, planning to move existing partners to Facebook Gaming . On July 31, 2020, it
19947-527: The company's dominance. IBM awarded a contract to Microsoft in November 1980 to provide a version of the CP/M OS to be used in the IBM Personal Computer (IBM PC). For this deal, Microsoft purchased a CP/M clone called 86-DOS from Seattle Computer Products which it branded as MS-DOS, although IBM rebranded it to IBM PC DOS . Microsoft retained ownership of MS-DOS following the release of
20130-466: The concept of minimalism. Microsoft implemented a new strategy for the software industry, providing a consistent user experience across all smartphones using the Windows Phone OS. It launched an alliance with Nokia in 2011 and Microsoft worked closely with the company to co-develop Windows Phone, but remained partners with long-time Windows Mobile OEM HTC . Microsoft is a founding member of
20313-510: The conception was theoretically clarified in 1993: that an empirical strategy for defining a stateless corporation is with analytical tools at the intersection between demographic analysis and transportation research. This intersection is known as logistics management , and it describes the importance of rapidly increasing global mobility of resources. In a long history of analysis of multinational corporations, we are some quarter-century into an era of stateless corporations—corporations that meet
20496-511: The conference, Gates warned that the world was not prepared for the next pandemic, a situation that would come to pass in late 2019 when the COVID-19 pandemic began. In March 2018, Gates met at his home in Seattle with Mohammed bin Salman , the crown prince and de facto ruler of Saudi Arabia to discuss investment opportunities for Saudi Vision 2030 . In June 2019, Gates admitted that losing
20679-643: The creation of a "world customer". The idea of a global corporate village entailed the management and reconstitution of parochial attachments to one's nation. It involved not a denial of the naturalness of national attachments, but an internationalization of the way a nation defines itself. "Multinational enterprise" (MNE) is the term used by international economist and similarly defined with the multinational corporation (MNC) as an enterprise that controls and manages production establishments, known as plants located in at least two countries. The multinational enterprise (MNE) will engage in foreign direct investment (FDI) as
20862-575: The creation of a multi-core unit at Microsoft, following the steps of server companies such as Sun and IBM. Gates retired from his role as Chief Software Architect on June 27, 2008, a decision announced in June 2006, while retaining other positions related to the company in addition to being an advisor for the company on key projects. Azure Services Platform , the company's entry into the cloud computing market for Windows, launched on October 27, 2008. On February 12, 2009, Microsoft announced its intent to open
21045-568: The debate from a neo-liberal perspective in Storm over the Multinationals (1977). Bill Gates William Henry Gates III (born October 28, 1955) is an American businessman and philanthropist best known for his roles at Microsoft Corporation . He co-founded the software company with his childhood friend Paul Allen and later held the positions of chairman, chief executive officer (CEO), president, and chief software architect . He
21228-589: The entirety of its 70-person workforce. As part of the deal, Microsoft paid Inflection $ 650 million to license its technology. In January 2024, Microsoft became the most valued publicly traded company. Meanwhile, that month, the company announced a subscription offering of artificial intelligence for small businesses via Copilot Pro. Multinational corporation Most of the current largest and most influential companies are publicly traded multinational corporations, including Forbes Global 2000 companies. The history of multinational corporations began with
21411-490: The family had done, and on December 9, 2010, Bill and Melinda Gates and investor Warren Buffett each signed a commitment they called the " Giving Pledge ", which is a commitment by all three to donate at least half of their wealth, over the course of time, to charity. The Foundation has received criticism, particularly over its role in Common Core , with critics stating the support is " cronyist " in that it profits from
21594-481: The firm makes direct investments in host country plants for equity ownership and managerial control to avoid some transaction costs . Sanjaya Lall in 1974 proposed a spectrum of scholarly analysis of multinational corporations, from the political right to the left. He put the business school how-to-do-it writers at the extreme right, followed by the liberal laissez-faire economists, and the neoliberals (they remain right of center but do allow for occasional mistakes of
21777-590: The global problems that are ignored by governments and other organizations. The foundation is organized into five program areas: Global Development Division, Global Health Division, United States Division, and Global Policy & Advocacy Division. Among others, it supports a wide range of public health projects, granting aid to fight transmissible diseases such AIDS , tuberculosis and malaria , as well as widespread vaccine programs to eradicate polio . It grants funds to learning institutes and libraries and supports scholarships at universities. The foundation established
21960-480: The government. Meanwhile, the company was at work on Microsoft Windows NT , which was heavily based on their copy of the OS/2 code. It shipped on July 21, 1993, with a new modular kernel and the 32-bit Win32 application programming interface (API), making it easier to port from 16-bit (MS-DOS-based) Windows. Microsoft informed IBM of Windows NT, and the OS/2 partnership deteriorated. In 1990, Microsoft introduced
22143-416: The hands of state-owned companies that operated in one country and sold oil to multinationals such as BP, Shell, ExxonMobil and Chevron. Down through the 1930s, about 80% of the international investments by multinational corporations were concentrated in the primary sector, especially mining (especially oil) and agriculture (rubber, tobacco, sugar, palm oil , coffee, cocoa, and tropical fruits). Most went to
22326-494: The hardware business following Xbox, Microsoft 2006 released the Zune series of digital media players, a successor of its previous software platform Portable Media Center . These expanded on previous hardware commitments from Microsoft following its original Microsoft Mouse in 1983; as of 2007 the company sold the best-selling wired keyboard ( Natural Ergonomic Keyboard 4000 ), mouse ( IntelliMouse ), and desktop webcam ( LifeCam ) in
22509-498: The intelligence is strong enough to be a concern. I agree with Elon Musk and some others on this and don't understand why some people are not concerned. In an interview that was held at the TED conference in March 2015, with Baidu co-founder and CEO, Robin Li , Gates said he would "highly recommend" Nick Bostrom 's recent work, Superintelligence: Paths, Dangers, Strategies . During
22692-415: The internationalization of production. For the first time in history, production, marketing, and investment are being organized on a global scale rather than in terms of isolated national economies. International business is also a specialist field of academic research. Economic theories of the multinational corporation include internalization theory and the eclectic paradigm . The latter is also known as
22875-399: The interview, he provided his perspective on climate change, his charitable activities, various tech companies and people involved in them, and the state of America. In response to a question about his greatest fear when he looks 50 years into the future, Gates stated: "there'll be some really bad things that'll happen in the next 50 or 100 years, but hopefully none of them on the scale of, say,
23058-460: The largest recipients. However, 70% of foreign direct investment went into developed countries in the form of stocks and cash flows. The rise in the number of multinational companies could be due to a stable political environment that encourages cooperation, advances in technology that enable management of faraway regions, and favorable organizational development that encourages business expansion into other countries. A multinational corporation (MNC)
23241-437: The last version of the operating system; set to be released in the third quarter of 2021. It was released to the general public on October 5, 2021. In September 2021, it was announced that the company had acquired Takelessons, an online platform that connects students and tutors in numerous subjects. The acquisition positioned Microsoft to grow its presence in the market of providing online education to large numbers of people. In
23424-474: The laws and regulations of both their domicile and the additional jurisdictions where they are engaged in business. In some cases, the jurisdiction can help to avoid burdensome laws, but regulatory statutes often target the "enterprise" with statutory language around "control". As of 1992 , the United States and most OECD countries have the donot legal authority to tax a domiciled parent corporation on its worldwide revenue, including subsidiaries. As of 2019 ,
23607-515: The leading supplier of computer equipment to commercial enterprises at the time, approached Microsoft in July 1980 concerning software for its upcoming personal computer, the IBM PC , after Gates's mother mentioned Microsoft to John Opel , IBM's then CEO . IBM first proposed that Microsoft write the BASIC interpreter. IBM's representatives also mentioned that they needed an operating system, and Gates referred them to Digital Research (DRI), makers of
23790-434: The market with cheap oil. This caused a worldwide drop in oil prices, hence the "third oil shock" or "counter-shock." However, this shock represented something much bigger—the end of OPEC's dominance and its control over oil prices. Iraqi President Saddam Hussein decided to attack Kuwait. The invasion sparked a crisis in the Middle East, prompting Saudi Arabia to request assistance from the United States. The United States sent
23973-480: The marketplace such as externalities). Moving to the left side of the line are nationalists, who prioritize national interests over corporate profits, then the "dependencia" school in Latin America that focuses on the evils of imperialism, and on the far left the Marxists. The range is so broad that scholarly consensus is hard to discern. Anti-corporate advocates criticize multinational corporations for being without
24156-522: The merger of its PC and Xbox divisions, with Phil Spencer announcing that Universal Windows Platform (UWP) apps would be the focus for Microsoft's gaming in the future. On January 24, 2017, Microsoft showcased Intune for Education at the BETT 2017 education technology conference in London . Intune for Education is a new cloud-based application and device management service for the education sector. In May 2016,
24339-485: The metaverse". Microsoft also named Phil Spencer , head of the Xbox brand since 2014, the inaugural CEO of the newly established Microsoft Gaming division, which now houses the Xbox operations team and the three publishers in the company's portfolio (Xbox Game Studios, ZeniMax Media, Activision Blizzard). Microsoft has not released statements regarding Activision's recent legal controversies regarding employee abuse, but reports have alleged that Activision CEO Bobby Kotick ,
24522-424: The name "Micro-Soft", short for micro-computer software. In August 1977, the company formed an agreement with ASCII Magazine in Japan, resulting in its first international office of ASCII Microsoft . Microsoft moved its headquarters to Bellevue, Washington , in January 1979. Microsoft entered the operating system (OS) business in 1980 with its own version of Unix called Xenix , but it was MS-DOS that solidified
24705-508: The origin of Microsoft's transformation from a small business to the leading software company in the world. Gates had not offered to transfer the copyright on the operating system to IBM because he believed that other personal computer makers would clone IBM's PC hardware. They did, making the IBM-compatible PC, running DOS, a de facto standard. The sales of MS-DOS (the version of DOS sold to customers other than IBM) made Microsoft
24888-450: The pandemic. Gates has a multi-billion dollar investment portfolio with stakes in companies in multiple sectors and has participated in several entrepreneurial ventures beyond Microsoft, including: Gates considers climate change and global access to energy to be critical, interrelated issues. He has urged governments and the private sector to invest in research and development to make clean, reliable energy cheaper. Gates envisions that
25071-522: The poor showings of both Windows 8 and the Surface tablet. Microsoft suffered a loss of more than US$ 32 billion. In line with the maturing PC business, in July 2013, Microsoft announced that it would reorganize the business into four new business divisions, namely Operating systems, Apps, Cloud, and Devices. All previous divisions will be dissolved into new divisions without any workforce cuts. On September 3, 2013, Microsoft agreed to buy Nokia 's mobile unit for $ 7 billion, following Amy Hood taking
25254-409: The presidential election) – well less than a majority – but I don't think having him off forever would be that good." In April 2021, during the COVID-19 pandemic , Gates was criticized for suggesting that pharmaceutical companies should hold onto patents for COVID-19 vaccines . The criticism came due to the possibility of this preventing poorer nations from obtaining adequate vaccines. Tara Van Ho of
25437-560: The price collapse in 1998–1999. The United States still maintains close relations with Saudi Arabia. In 2003, U.S. forces invaded Iraq with the aim of removing the dictatorship and gaining access to Iraqi oil reserves, giving the United States greater strategic importance from 2000 to 2008. During this period, there was a constant shortage of oil, but its consumption continued to rise, maintaining high prices and leading to concerns about "peak oil". From 2005 to 2012, there were advances in oil and gas extraction, leading to increased production in
25620-696: The process fall under the Azure Machine Learning and the Azure IoT Hub platforms. In September 2018, Microsoft discontinued Skype Classic . On October 10, 2018, Microsoft joined the Open Invention Network community despite holding more than 60,000 patents. In November 2018, Microsoft agreed to supply 100,000 Microsoft HoloLens headsets to the United States military in order to "increase lethality by enhancing
25803-411: The program ready for their senior year. Towards the end of their junior year, Evans was killed in a mountain climbing accident, which Gates described as one of the saddest days of his life. He then turned to Allen who helped him finish the system for Lakeside. At 17, Gates formed a venture with Allen called Traf-O-Data to make traffic counters based on the Intel 8008 processor. In 1972, he served as
25986-478: The project as a step toward carbon-negative nuclear power. Wyoming Senator John Barrasso also said that it could boost the state's once-active uranium mining industry. Gates spent many efforts to make pass the Inflation Reduction Act of 2022 because of his importance to climate. He tried to convince Joe Manchin to support a climate bill from the year 2019 and especially in the months before
26169-611: The realities of the needs of source materials on a worldwide basis and to produce and customize products for individual countries. One of the first multinational business organizations, the East India Company , was established in 1601. After the East India Company came the Dutch East India Company , founded on March 20, 1603, which would become the largest company in the world for nearly 200 years. The main characteristics of multinational companies are: When
26352-519: The release of Windows Phone , Microsoft undertook a gradual rebranding of its product range throughout 2011 and 2012, with the corporation's logos, products, services, and websites adopting the principles and concepts of the Metro design language . Microsoft unveiled Windows 8 , an operating system designed to power both personal computers and tablet computers , in Taipei in June 2011. A developer preview
26535-476: The resulting rise in stock making an estimated four billionaires and 12,000 millionaires from Microsoft employees. Microsoft released its version of OS/2 to original equipment manufacturers (OEMs) on April 2, 1987. In 1990, the Federal Trade Commission examined Microsoft for possible collusion due to the partnership with IBM, marking the beginning of more than a decade of legal clashes with
26718-413: The rights to its COVID-19 information, as it had announced, but instead sell it to a single industry partner, as it did. His views on the value of legal monopolies in medicine have been linked to his views on legal monopolies in software. Gates has been critical of cryptocurrencies like Bitcoin . According to him, cryptocurrencies provide no "valuable output", contribute nothing to society, and pose
26901-502: The role of CFO. On February 4, 2014, Steve Ballmer stepped down as CEO of Microsoft and was succeeded by Satya Nadella , who previously led Microsoft's Cloud and Enterprise division. On the same day, John W. Thompson took on the role of chairman, in place of Bill Gates, who continued to participate as a technology advisor. Thompson became the second chairman in Microsoft's history. On April 25, 2014, Microsoft acquired Nokia Devices and Services for $ 7.2 billion. This new subsidiary
27084-401: The royalty payment to Microsoft when no Microsoft product is being used acts as a penalty, or tax, on the OEM's use of a competing PC operating system. Since 1988, Microsoft's use of per processor licenses has increased." Following Bill Gates's internal "Internet Tidal Wave memo" on May 26, 1995, Microsoft began to redefine its offerings and expand its product line into computer networking and
27267-406: The same month, Microsoft acquired Australia-based video editing software company Clipchamp . In October 2021, Microsoft announced that it began rolling out end-to-end encryption (E2EE) support for Microsoft Teams calls in order to secure business communication while using video conferencing software. Users can ensure that their calls are encrypted and can utilize a security code that both parties on
27450-872: The same month, Microsoft announced the open source implementation of Windows Forms and the Windows Presentation Foundation (WPF) which will allow for further movement of the company toward the transparent release of key frameworks used in developing Windows desktop applications and software. December also saw the company discontinue the Microsoft Edge project in favor of Chromium backends for their browsers. On February 20, 2019, Microsoft Corp said it will offer its cyber security service AccountGuard to 12 new markets in Europe including Germany, France and Spain, to close security gaps and protect customers in political space from hacking. In February 2019, hundreds of Microsoft employees protested
27633-462: The seven multinational companies that dominated the global petroleum industry from the mid-1940s to the mid-1970s. The nationalization of the Iranian oil industry in 1951 by Iranian Prime Minister Mohammad Mosaddegh and the subsequent boycott of Iranian oil by all companies had dramatic consequences for Iran and the international oil market. Iran was unable to sell any of its oil. In August 1953,
27816-480: The single most important piece of climate legislation in American history" given its potential to spur development of new technologies. Gates gave further insights on climate change in his commencement address at Northern Arizona University on May 6, 2023, where he was bestowed an honorary doctorate. In October 2024, The New York Times reported Gates had recently donated $ 50 million to Future Forward USA Action,
27999-491: The summer of 1974. In 1975, the MITS Altair 8800 was released based on the Intel 8080 CPU , and Gates and Allen saw the opportunity to start their own computer software company. Gates dropped out of Harvard that same year. His parents were supportive of him after seeing how much he wanted to start his own company. He explained his decision to leave Harvard: "if things hadn't worked out, I could always go back to school. I
28182-483: The system remotely via Teletype , Gates went to CCC's offices and studied source code for various programs that ran on the system, including Fortran , Lisp , and machine language . The arrangement with CCC continued until 1970 when the company went out of business. The following year, a Lakeside teacher enlisted Gates and Evans to automate the school's class-scheduling system, providing them computer time and royalties in return. The duo worked diligently in order to have
28365-463: The team finished the Web browser, and instead were included in the Windows 95 Plus! pack. Backed by a high-profile marketing campaign and what The New York Times called "the splashiest, most frenzied, most expensive introduction of a computer product in the industry's history," Windows 95 quickly became a success. Branching out into new markets in 1996, Microsoft and General Electric 's NBC unit created
28548-404: The then-prime minister was overthrown by a pro-American dictatorship led by the Shah, and in October 1954, the Iranian industry was denationalized. Worldwide oil consumption increased rapidly between 1949 and 1970, a period known as the 'golden age of oil'. This increase in consumption was caused not only by the growth of production by multinational oil companies but also by the strong influence of
28731-565: The title of the wealthiest person in the world every year except in 2008 and from 2010 to 2013. In 1999, he became the first ever centibillionaire when his net worth briefly surpassed US$ 100 billion. Since leaving day-to-day operations at Microsoft in 2008, Gates has pursued other business and philanthropic endeavors. He is the founder and chairman of several companies, including BEN , Cascade Investment , TerraPower , Gates Ventures , and Breakthrough Energy . He has donated to various charitable organizations and scientific research programs through
28914-404: The user. On September 21, 2020, Microsoft announced its intent to acquire video game company ZeniMax Media , the parent company of Bethesda Softworks , for about $ 7.5 billion, with the deal expected to occur in the second half of 2021 fiscal year. On March 9, 2021, the acquisition was finalized and ZeniMax Media became part of Microsoft's Xbox Game Studios division. The total price of the deal
29097-489: The widely used CP/M operating system. IBM's discussions with Digital Research went poorly and they did not reach a licensing agreement. IBM representative Jack Sams mentioned the licensing difficulties during a subsequent meeting with Gates and asked if Microsoft could provide an operating system. A few weeks later, Gates and Allen proposed using 86-DOS , an operating system similar to CP/M, that Tim Paterson of Seattle Computer Products (SCP) had made for hardware similar to
29280-573: The world without a concentration in one area have been called stateless or "transnational" (although "transnational corporation" is also used synonymously with "multinational corporation" ), but as of 1992, a corporation must be legally domiciled in a particular country and engage in other countries through foreign direct investment and the creation of foreign subsidiaries. Geographic diversification can be measured across various domains, including ownership and control, workforce, sales, and regulation and taxation. Multinational corporations may be subject to
29463-752: The world's energy system from one based primarily on fossil fuels to one based on sustainable energy sources. Global energy transitions have historically taken decades. He wrote, "I believe we can make this transition faster, both because the pace of innovation is accelerating, and because we have never had such an urgent reason to move from one source of energy to another." This rapid transition, according to Gates, would depend on increased government funding for basic research and financially risky private-sector investment, to enable innovation in diverse areas such as nuclear energy , grid energy storage to facilitate greater use of solar and wind energy, and solar fuels . Gates spearheaded two initiatives that he announced at
29646-503: The worldwide revenue of a foreign subsidiary, and taxation is complicated by transfer pricing arrangements with parent corporations. For small corporations, registering a foreign subsidiary can be expensive and complex, involving fees, signatures, and forms; a professional employer organization (PEO) is sometimes advertised as a cheaper and simpler alternative, but not all jurisdictions have laws accepting these types of arrangements. Disputes between corporations in different nations
29829-435: Was $ 8.1 billion. On September 22, 2020, Microsoft announced that it had an exclusive license to use OpenAI 's GPT-3 artificial intelligence language generator. The previous version of GPT-3 , called GPT-2 , made headlines for being "too dangerous to release" and had numerous capabilities, including designing websites, prescribing medication, answering questions, and penning articles. On November 10, 2020, Microsoft released
30012-607: Was a PDP-10 belonging to Computer Center Corporation (CCC) which banned Gates, Paul Allen , Ric Weiland , and Gates's best friend and first business partner Kent Evans for the summer after it caught them exploiting bugs in the operating system to obtain free computer time. The four students formed the Lakeside Programmers Club to make money. At the end of the ban, they offered to find bugs in CCC's software in exchange for extra computer time. Rather than using
30195-485: Was a national bank president. Gates also has an older sister Kristi (Kristianne) and a younger sister Libby. He is the fourth of his name in his family but is known as William Gates III or "Trey" (i.e., three) because his father had the "II" suffix. The family lived in the Sand Point area of Seattle in a home that was damaged by a rare tornado when Gates was 7. When Gates was young his parents wanted him to pursue
30378-489: Was also being its largest individual shareholder until May 2014. He was a pioneer of the microcomputer revolution of the 1970s and 1980s. Gates was born and raised in Seattle, Washington . In 1975, he and Allen founded Microsoft in Albuquerque, New Mexico . Gates led the company as its chairman and chief executive officer until stepping down as CEO in January 2000, succeeded by Steve Ballmer , but he remained chairman of
30561-566: Was always a penalty for losing". At age 13, he enrolled in the private Lakeside prep school . When he was in eighth grade, the Mothers' Club at the school used proceeds from Lakeside School's rummage sale to buy a Teletype Model 33 ASR terminal and a block of computer time on a General Electric (GE) computer for the students. Gates took an interest in programming the GE system in BASIC , and he
30744-424: Was born on October 28, 1955, in Seattle, Washington as the only son of William H. Gates Sr. (1925–2020) and his first wife, Mary Maxwell Gates (1929–1994). His ancestry includes English , German , and Irish / Scots-Irish . His father was a prominent lawyer , and his mother served on the board of directors of First Interstate BancSystem and United Way of America . Gates's maternal grandfather J. W. Maxwell
30927-464: Was completed in March 2022. In 2021, in part due to the strong quarterly earnings spurred by the COVID-19 pandemic , Microsoft's valuation came to nearly $ 2 trillion. The increased necessity for remote work and distance education drove demand for cloud computing and grew the company's gaming sales. On June 24, 2021, Microsoft announced Windows 11 during a Livestream. The announcement came with confusion after Microsoft announced Windows 10 would be
31110-446: Was completed on June 27, 2008. Since leaving day-to-day operations at Microsoft, Gates has continued his philanthropy and works on other projects. He stepped down as chairman of Microsoft in February 2014 to become technology advisor at the firm to support newly appointed CEO Satya Nadella . Gates provided his perspective on a range of issues in an interview that was published in the March 2014 issue of Rolling Stone magazine. In
31293-402: Was done. We can't forget that another pandemic will come and we'll need to invest in being ready in that, ... while not forgetting that we were not prepared and we're going to have to invest – just like having a fire department – some money in an intelligent way and actually simulate what might happen and make sure that we're ready for it. Gates favors the normalization of COVID-19 masks. In
31476-504: Was excused from math classes to pursue his interest. He wrote his first computer program on this machine, an implementation of tic-tac-toe that allowed users to play games against the computer. Gates was fascinated by the machine and how it would always execute software code perfectly. After the Mothers Club donation was exhausted, Gates and other students sought time on systems including DEC PDP minicomputers. One of these systems
31659-448: Was fully aware that the means to overcoming cultural resistance depended on an "understanding" of the countries in which a corporation operated. He observed that companies with "foresight to capitalize on international opportunities" must recognize that " cultural anthropology will be an important tool for competitive marketing". However, the projected outcome of this was not the assimilation of international firms into national cultures, but
31842-546: Was labeled as "the largest nonviolent transfer of wealth in human history." The OPEC sought immediate discussions regarding participation in national oil industries. Companies were not inclined to object as the price hike benefited both them and OPEC members. In 1980, the Seven Sisters were entirely displaced and replaced by national oil companies (NOCs). The rise in oil prices burdened developing countries with balance of payments deficits, leading to an energy crisis. OPEC members had to abandon their plan of redistributing wealth from
32025-466: Was officially on leave." Gates read the January 1975 issue of Popular Electronics which demonstrated the Altair 8800 , and contacted Micro Instrumentation and Telemetry Systems (MITS) to inform them that he and others were working on a BASIC interpreter for the platform. In reality, Gates and Allen did not have an Altair and had not written code for it; they merely wanted to gauge MITS's interest. MITS president Ed Roberts agreed to meet them for
32208-501: Was one of the few businessmen in the era who became Prime Minister (of South Africa 1890–1896). His mining enterprises included the British South Africa Company and De Beers . The latter company practically controlled the global diamond market from its base in southern Africa. In 1945, the United States was the world's largest oil producer. However, their reserves were declining due to high demand. Therefore,
32391-558: Was popular with computer hobbyists, but Gates discovered that a pre-market copy had leaked out and was being widely copied and distributed. In February 1976, he wrote An Open Letter to Hobbyists in the MITS newsletter in which he asserted that more than 90% of the users of Microsoft Altair BASIC had not paid Microsoft for it and the Altair "hobby market" was in danger of eliminating the incentive for any professional developers to produce, distribute, and maintain high-quality software. This letter
32574-687: Was released on September 13, which was subsequently replaced by a consumer preview on February 29, 2012, and released to the public in May. The Surface was unveiled on June 18, becoming the first computer in the company's history to have its hardware made by Microsoft. On June 25, Microsoft paid US$ 1.2 billion to buy the social network Yammer . On July 31, they launched the Outlook.com webmail service to compete with Gmail . On September 4, 2012, Microsoft released Windows Server 2012 . In July 2012, Microsoft sold its 50% stake in MSNBC, which it had run as
32757-590: Was released, with its server sibling, Windows Server 2016 , released in September 2016. In Q1 2015, Microsoft was the third-largest maker of mobile phones , selling 33 million units (7.2% of all). While a large majority (at least 75%) of them do not run any version of Windows Phone — those other phones are not categorized as smartphones by Gartner – in the same timeframe 8 million Windows smartphones (2.5% of all smartphones) were made by all manufacturers (mostly Microsoft). Microsoft's share of
32940-420: Was renamed Microsoft Mobile Oy. On September 15, 2014, Microsoft acquired the video game development company Mojang , best known for Minecraft , for $ 2.5 billion. On June 8, 2017, Microsoft acquired Hexadite , an Israeli security firm, for $ 100 million. On January 21, 2015, Microsoft announced the release of their first Interactive whiteboard , Microsoft Surface Hub . On July 29, 2015, Windows 10
33123-589: Was reported that Microsoft was in talks to acquire TikTok after the Trump administration ordered ByteDance to divest ownership of the application to the U.S. On August 3, 2020, after speculation on the deal, Donald Trump stated that Microsoft could buy the application, however, it should be completed by September 15, 2020, and that the United States Department of the Treasury should receive
33306-410: Was the last version of the OS released before Gates left the chair of the firm to John W. Thompson on February 5, 2014. During Microsoft's early years, Gates was an active software developer, particularly in the company's programming language products, but his primary role in most of the company's history was as a manager and executive. He has not officially been on a development team since working on
33489-427: Was unpopular with many computer hobbyists, but Gates persisted in his belief that software developers should be able to demand payment. Microsoft became independent of MITS in late 1976, and it continued to develop programming language software for various systems. The company moved from Albuquerque to Bellevue, Washington on January 1, 1979. Gates said he personally reviewed and often rewrote every line of code that
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