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Microsoft Continues A.I. Spending Growth as Profit Grows 10%

  • Microsoft's spending on artificial intelligence and data centers continues to grow.
  • In the latest quarter, Microsoft spent $22.6 billion on capital expenses, almost twice as much as the previous year.
  • The tech giant reported a 12% increase in revenue, reaching $69.6 billion, and a 10% increase in profit, reaching $24.1 billion.
  • Satya Nadella, Microsoft's CEO, stated that the company is expanding its opportunities and winning new customers.

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