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Microsoft says cloud AI demand is exceeding supply even after 79% surge in capital spending
Microsoft has more demand than supply for running artificial intelligence models in the cloud.
It's a boom that was kicked off by OpenAI and its ChatGPT chatbot, and Microsoft has followed suit, adding assistants to the Teams communication app, Bing search engine, and other services. Nvidia, the biggest developer of processors for training and deploying generative AI models, has been supply constrained, with revenue more than tripling in consecutive quarters. Microsoft's demand for consumption-based artificial intelligence services in the cloud is outstripping supply, CFO Amy Hood said on the company's earnings call.
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