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Microsoft ramp up AI spending as it smashes Q3 earnings expectations
Microsoft's decision to invest heavily in AI appears to have paid off after the company revealed significant gains in its Q3 earnings call.
Microsoft’s decision to invest heavily in artificial intelligence (AI) appears to have paid off after the company revealed significant gains in its third-quarter earnings call on Thursday (25 Apr). Demand for AI is soaring and Microsoft has vowed to boost capital expenditure to scale up its cloud platform, Azure. AI is a catalyst and key driver for much of the growth at present, as witnessed by Microsoft’s multi-billion dollar investment in OpenAI, the maker of ChatGPT.
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