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Microsoft Reports Big Profits Amid Massive AI Investments

Ars Technica's Samuel Axon reports on Microsoft's quarterly earnings: Some investors have been uneasy about the company's aggressive spending on AI, while others have demanded it. During this quarter, Microsoft reported that it spent $20 billion on capital expenditures, nearly double what it had sp...

Ars Technica's Samuel Axon reports on Microsoft's quarterly earnings: Some investors have been uneasy about the company's aggressive spending on AI, while others have demanded it. However, the company satisfied both groups of investors, as it revealed it has still been doing well in the short term amid those long-term investments. The growth was largely driven by Azure and cloud services, which saw a 33 percent increase in revenue.

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