Microsoft is set to report third-quarter earnings, anticipating a 10.6% revenue growth to $68.4 billion. This report is particularly important for assessing the company's substantial investments in artificial intelligence, projected at $80 billion this fiscal year. Executives emphasize AI's transformative potential, likening it to the advent of electricity in terms of economic impact. Microsoft has reported significant growth in its AI segment, indicating strong reliance on the success of this technology for future profitability, as seen in last quarter's 175% revenue growth in AI-related business.
"Microsoft's heavy bets on AI have made the company and its investors reliant on the technology's success and widespread adoption, framing AI as crucial to the future of industry."
"Not since the invention of electricity has the U.S. had the opportunity to harness new technology to invigorate the nation's economy, which Microsoft claims AI is doing today."
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