Microsoft prepares to spend more on AI
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Microsoft's recent cloud-computing performance reflects that the company has been picking up market share at the expense of hyperscale rivals, according to Cantor Fitzgerald analyst Thomas Blakey. That's mainly driven by the company's artificial-intelligence advantages,
Microsoft will still hold a stake of about $135 billion, or 27%, in OpenAI Group PBC, which will be controlled by the OpenAI Foundation, a nonprofit
The company is seeing more demand for its cloud computing and AI services than it can keep up with, a challenge that is supercharging profits.
Perhaps no number is more important to Microsoft investors than the company's growth rate in the cloud. Microsoft's Azure cloud-computing business grew revenue at a 39% clip in the June quarter, and a