Microsoft Ups Expenditures to Support AI -- Market Talk_老虎社区_美港股上老虎

Microsoft Ups Expenditures to Support AI -- Market Talk

Dow Jones07-31

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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