Microsoft prepares to spend more on AI
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Microsoft's CEO, Satya Nadella, told investors that the company plans to double its data center footprint over the next two years.
Microsoft reported a massive spike in its spending as the tech giant works to meet booming demand for artificial intelligence.
Some artificial-intelligence deals have raised eyebrows, and JPMorgan analyst Mark Murphy used the earnings call to ask Microsoft's management about the "new era where the contractual commitments from a small number of AI natives are just incredibly large,
Thousands of reports are pouring in Wednesday of issues with Amazon Web Services, the cloud computing platform that backs up numerous major companies and parts of the internet. More than 6,000 outage reports have been filed today with the monitoring site Downdetector.
Microsoft Corp. cloud services are recovering from an outage that disrupted its workplace software products and the operations of several companies, including Alaska Air Group Inc.
Microsoft reported a $3.1 billion net income hit due to its OpenAI investment, following the AI partner's recent recapitalization. Despite this, CEO S
Microsoft's gains have put it on track to close with a market value greater than $4 trillion for the first time on record. It briefly traded above that level in July and August and first closed above $3 trillion in January 2024.