Microsoft continues to invest heavily in data centers, announcing a spending of $22.6 billion on capital expenses in its latest quarter. This represents an almost 100% increase compared to the previous year. The tech giant plans to spend around $80 billion in total this fiscal year to expand its capacity for artificial intelligence and cloud services, driven by strong revenue and profit growth. Microsoft's results surpassed market expectations, indicating robust demand and customer acquisition. Concerns around technology spending intensified following a Chinese startup's revelation of cost-effective AI technology.
Microsoft's significant capital expenses on data centers highlight its commitment to meeting booming demand in artificial intelligence and cloud computing, despite investor concerns.
With a forecast of spending around $80 billion this fiscal year, Microsoft aims to equip itself to capture opportunities in artificial intelligence and cloud services.
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