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). The world’s largest public company outperformed Wall Street expectations, delivering $61.86 billion in revenue after billions of dollars were invested in AI but the spending is set to continue. Demand for AI is soaring and Microsoft has vowed to boost capital expenditure to scale up its cloud platform, Azure.