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.

Topics:  25 apr   wall street   demand   azure   microsoft ceo satya nadella   microsoft s ai   amazon   google   meta   ceo mark zuckerberg   openai   chatgpt   image   ideogram   q3   readwrite   ai   microsoft    ai   microsoft s   significant   billion   company   stock   year   cloud   revenue   chips   data   
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