Microsoft’s AI revenue grows, but its stock falls on lower guidance and spending concerns
Microsoft is a key backer of OpenAI and it has committed to spending $80 billion on AI infrastructure this year in order to expand its global network of high-powered data centers to meet demand for the specialized chips required to train and run AI models.
Microsoft Corp. said its cloud-computing business will continue to grow slowly in the current quarter as the company ...
Investors grow concerned that AI expenses and a looming price war in cloud services could blow up its profits.
Microsoft shares tumbled Thursday after the company’s weaker-than-expected fiscal second-quarter cloud growth prompted some analysts to be more cautious about the stock.
Microsoft reported that its flagship cloud computing business experienced a slowdown in growth amid constraints on data ...
Microsoft anticipates revenue growth in Intelligent Cloud and Productivity, leading to overall organic revenue growth. Click ...
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