AI: Transforming businesses while investors grapple with skyrocketing costs and uncertain returns. #70b
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Microsoft Is Wary About Investing in AI
As Microsoft gets ready to release its earnings, investors wonder if the company's investment in AI is paying off.
From April to June, Microsoft's Azure growth remained consistent at roughly 31%.
To $13.64 billion, capital spending probably increased by 53% on an annual basis.
Alphabet continued to invest heavily on capital projects, which led to sell-offs in tech stocks.
The Copilot solution from Microsoft is utilized by 50% of Fortune 500 organizations.
This year, Microsoft's market worth climbed by more than $350 billion.
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