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Goodbye, Calibri.

Microsoft has named the next default font for its productivity applications, such as Word and Outlook, after testing five candidates it introduced in 2021. Since then, it’s been called Bierstadt. Now it’s getting a new name: Aptos.

The move amounts to a subtle refinement for some of the most popular software in the world. Microsoft doesn’t take such steps lightly, because its Office products fetch almost 24% of its revenue. They’re growing faster than other parts of the business, such as video game content and search advertising, as Microsoft seeks to line up more end users and get existing clients to spend more.

If the core applications look fresh, Microsoft can make a better argument when the time comes to renew subscriptions to Microsoft 365, formerly known as Office 365. The company is now ready to do that, after accepting input from end users about the five new fonts.

“Today we begin the final phase of this major change where Aptos will start appearing as the new default font across Word, Outlook, PowerPoint and Excel for hundreds of millions of users,” Si Daniels, principal program manager for Office design at Microsoft, wrote in a blog post published Thursday. “And, over the next few months it will roll out to be the default for all our customers.”

Aptos will remain available in the font list under the old Bierstadt name for people who are accustomed to it. Users can also choose to set any other font as the default. That includes older standards, such as Times New Roman, Arial or even Calibri, which has been the default since 2007, before the launch of Office 365 in 2011. Many people perceive Microsoft as a friendlier place since Satya Nadella replaced Steve Ballmer as its CEO in 2014, but that updated identity isn’t necessarily reflected when someone starts writing an email in Outlook with a font that predates Nadella.

In 2019, Microsoft asked font designer Steve Matteson to develop a font in the grotesque sans-serif style that includes the classic Helvetica. The company didn’t let on that it was considering it as a possible successor for Calibri, Matteson said in an interview with CNBC this week.

At the time, Matteson was still working for the font company Monotype, and he and his colleagues gave Microsoft four or five proposals to look at, without including the names of the contributors. That’s important because the designers didn’t want his connection to Microsoft to influence the software maker’s decision, he said.

Matteson’s work with Microsoft goes back to the 1990s. He helped with Microsoft’s TrueType fonts for Windows 3.1 and created the Segoe font Microsoft uses for its current logo and marketing materials. He also contributed to the aptly named font Curlz. That was not his proudest moment, he said.

Of the bunch that Matteson and his colleagues sent to Microsoft, they picked his, which at that point was dubbed simply Grotesque No. 2. Then Microsoft gave it a codename, Koyuk. Then he came up with the name Bierstadt, taking the name of a mountain in Colorado, where he lives. In German, Bierstadt means “beer city.”

Some people didn’t take the name seriously and Microsoft decided to come up with a new one for the font, Matteson said. Aptos, an unincorporated town in Santa Cruz County, California, came to his mind.

“Aptos has this unique coastal climate, where it’s a beach, and all the way up to the redwoods,” he said. “It’s what I loved about California is the diversity, and it kind of told me that there’s all these different moods and experiences you can have. Similarly, with Aptos, you have all these different voices you can speak in without distorting the message.”

Matteson came up with a serif version of the font, along with a monospace version that can work for typing out code. He’s worked on monetary symbols and support for Greek and Cyrillic languages. He collaborated with Microsoft to ensure it will work well in different scenarios. If one were to convert cells in an Excel spreadsheet from Calibri to Aptos, it’s unlikely that numbers in a cell will overflow into the one next to it, he said.

He hasn’t seen every response to the font. But he has observed people saying that in Bierstadt, a lowercase L and a capital I can’t be mistaken for each other.

Still, Matteson has nothing but respect for Calibri and its creator, Lucas de Groot.

“I can understand Microsoft wanting to, you know, make a change, but I don’t think there’s ever been anything wrong with Calibri,” he said.

WATCH: Satya Nadella reflects on his nine years of leading Microsoft

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Apple removes gay dating apps from Chinese App Store at Beijing’s request

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Apple removes gay dating apps from Chinese App Store at Beijing's request

Flag of China and LGBT rainbow flag

Alxeypnferov | Istock | Getty Images

Apple has confirmed that it has removed two popular gay dating apps from its Chinese iOS Store, following an order from Beijing’s main internet regulator and censorship authority.

It comes following reports of the apps — Blued and Finka — suddenly disappearing from the iOS App Store over the weekend. 

In a statement shared with CNBC, Apple confirmed that it was behind the action and defended the company’s position, stating that it must follow the laws of the countries where it operates.

“Based on an order from the Cyberspace Administration of China, we have removed these two apps from the China storefront only,” the company said, though they clarified that the apps had already been unavailable in other countries.

However, a “lite” version of the Blued app is still available for download on the China App Store, CNBC confirmed Tuesday.

The Wire had been the first to report that Apple had made the move at Beijing’s order.

The disappearance of Blued and Finka is the latest example of China’s crackdown on app stores in recent years.

Grindr, a popular gay dating app from the U.S., was removed from the iOS store in 2022, days after the Cyberspace Administration of China began a crackdown on content it considered illegal and inappropriate. 

Later in 2023, Beijing announced new policies requiring all apps serving local users to register with the government and receive licenses. That move had resulted in a wave of foreign apps being removed from iOS. 

The following years have also seen regulators continue to appeal directly to companies like Apple to remove certain apps due to issues with their content. 

In April 2024, Apple removed Meta’s WhatsApp and Threads from iOS following an order from the CAC, citing national security concerns.

Apple has proven a willingness to comply with these requests in China, which represents its largest oversea market outside the U.S.

The takedown of Blued and Finka also likely reflects increasing crackdowns and censorship of the LGBTQ community in China. In recent years, the government has shuttered major advocacy groups, including the Beijing LGBT Center. 

While homosexuality was decriminalized in China in 1997, same-sex marriage remains unrecognized. 

CNBC’s Evelyn Cheng contributed to this report.

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CNBC Daily Open: Days of declines won’t keep AI trade down

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CNBC Daily Open: Days of declines won't keep AI trade down

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Nov. 10, 2025.

Brendan McDermid | Reuters

Investors piled back into artificial intelligence names on Monday stateside. Shares of Nvidia jumped 5.8%, Broadcom advanced 2.6% and Microsoft climbed 1.9% to end its eight-day losing streak, its longest consecutive decline since 2011.

Market watchers are hoping that another historically long streak — the U.S. government shutdown — could soon be snapped as well. The U.S. Senate has voted in favor for a deal to reopen the government, though it still has to pass through the House and then be signed into law by President Donald Trump (who has already given it his approval).

That’s not to say worries about AI’s high valuations have gone away completely.

CoreWeave on Monday reported its third-quarter earnings. It rents out Nvidia cards to AI-related firms, such as Google and Microsoft, a business model that ties it intimately to the AI trade. The company’s revenue swelled 134% year on year, but it still reported a net loss and gave lower-than-expected guidance for this year.

The general shape of those figures — high revenue and high losses — broadly reminds one of OpenAI, the industry-leading, money-bleeding startup that kickstarted the AI frenzy. Though it would of course be a stretch to equate the two companies and the factors driving their finances.

Still, Mark Haefele, CIO of UBS’s global wealth management, thinks “AI-related stocks should drive equity markets.” With the U.S. government shutdown in sight to end (hopefully this doesn’t jinx it), that’s another obstacle surpassed for markets.

What you need to know today

And finally…

Russian President Vladimir Putin on October 15, 2025.

Alexander Zemlianichenko | Afp | Getty Images

Russia is late to the party, but it’s still preparing to enter the rare earths fray

Russian President Vladimir Putin last week ordered his officials to complete a road map by Dec.1 “for the long-term development of the extraction and production of rare and rare earth metals.”

Moscow has fallen behind peers like China when it comes to the exploitation of its deposits of rare earth elements. While lagging behind the big players, Russia is still estimated to possess the fifth largest known reserves of rare earths, totaling 3.8 million tonnes, the United States Geological Survey stated. That’s above the U.S. which is seen with 1.9 million tonnes.

— Holly Ellyatt

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SoftBank sells its entire stake in Nvidia for $5.83 billion

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SoftBank sells its entire stake in Nvidia for .83 billion

Nvidia CEO Jensen Huang (L) and the CEO of the SoftBank Group Masayoshi Son pose during an AI event in Tokyo on November 13, 2024.

Akio Kon | Bloomberg | Getty Images

Japanese conglomerate SoftBank said Tuesday it has sold its entire stake in U.S. chipmaker Nvidia for $5.83 billion.

The firm said in its earnings statement that it sold 32.1 million Nvidia shares in October. It also disclosed that it sold part of its T-Mobile stake for $9.17 billion.

The announcement came after SoftBank posted a $19 billion gain on its Vision Fund in its fiscal second quarter, helped by investments in ChatGPT maker OpenAI and electronic payment services firm PayPay.

The Vision Fund has been aggressively pushing into artificial intelligence, investing and acquiring firms throughout the AI value chain from chips to large language models and robotics.

While the Nvidia exit may come as a surprise to some investors, it’s not the first time SoftBank has cashed out of the American AI chip darling.

SoftBank’s Vision Fund was an early backer of Nvidia, reportedly amassing a $4 billion stake in 2017 before selling all of its holdings in January 2019.

Despite its latest sale, SoftBank’s business interests remain heavily intertwined with Nvidia’s.

That Tokyo-based company is involved in a number of AI ventures that rely on Nvidia’s technology, including the $500 billion Stargate project for data centers in the U.S.

This is a breaking news story. Please refresh for updates.

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