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Microsoft Puts Brakes on AI Spending as Profit Increases 18%
After 10 consecutive quarters of rising AI-related investment, Microsoft has put on the brakes, spending over $1 billion less than the previous quarter (source paywalled; alternative source). Despite the slight slowdown, Microsoft posted stronger-than-expected results with $70 billion in revenue and...
The company is still on track to spend more than $80 billion on capital expenses in the current fiscal year, which ends in June. Sales surpassed $70 billion, up 13 percent from the same period a year earlier. are the essential inputs for every business to expand output, reduce costs, and accelerate growth," Satya Nadella, Microsoft's chief executive, said in a statement.
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