1655 ET - Infrastructure to support artificial intelligence innovations doesn't come cheap. Microsoft in its fiscal 4Q spends $13.9 billion, up 55% from the previous year, as it doubles down on building out data centers and hardware to power its growing AI business. These increased expenditures are supported by higher revenue, driven by AI. The tech giant's cloud revenue, which includes its AI offerings in partnership with OpenAI, increases 21%. Overall revenue rises 15%. (connor.hart@wsj.com; @connorhart22)
(END) Dow Jones Newswires
July 30, 2024 16:55 ET (20:55 GMT)
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