Reported about 14 hours ago
Microsoft is significantly increasing its investment in artificial intelligence, with capital expenditures rising to $34.9 billion in the first fiscal quarter, up from $24.2 billion in the previous quarter. This surge is aimed at expanding its AI infrastructure as demand for its cloud service Azure continues to grow. The company reported better-than-expected quarterly earnings, with a 28% increase in revenue from its Intelligent Cloud division, emphasizing its commitment to harnessing AI-driven growth.
Source: YAHOO