Published 9 days ago

Microsoft’s heavy bet on AI pays off as it beats expectations in second quarter

Summary by The Guardian

World’s largest public company reports $61.86bn revenue after investing billions into artificial intelligenceProfits at Microsoft beat Wall Street’s expectations as its heavy bet on artificial intelligence continued to bear fruit in the second quarter.The technology giant has invested billions of dollars into AI in a bid to turbocharge its growth, particularly of its cloud computing services. Its cloud computing revenue surged by more than 20% i…

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The Guardian

Microsoft’s heavy bet on AI pays off as it beats expectations in second quarter

10 days ago·London, United Kingdom

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sta.si

STA: Microsoft, with a quarter-year profit, surpassed Wall Street's expectations.

The computer giant Microsoft, in the first quarter of this year, posted a net increase of 20 percent from the same period last year to 21.9 billion dollars, and revenues went up 17 percent to 61.9 billion dollars, the French news agency AFP reported.

9 days ago

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