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AI Helps Boost Microsoft Cloud Revenues By 33 Percent
- Microsoft reported a 16% rise in revenues for its fiscal first quarter, reaching $65.6 billion.
- Revenue from Azure and other cloud services grew by 33% in the same period.
- The company's capital expenditures surged to $20 billion as it invests in data centre expansion.
- Microsoft's heavy investments in artificial intelligence (AI) technologies are paying off, helping drive growth and win new customers.
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