Tech

Microsoft Profit Soars 33% on AI, Cloud-computing Investments

Microsoft Corp. said Tuesday that its profit for the October-December quarter soared 33%, powered by its significant investments in artificial intelligence technology. The company said that increase largely reflected growth in its cloud-computing unit, where Microsoft focuses most of its AI investments.

Satya Nadella, Chairman and Chief Executive Officer of Microsoft, speaks during a panel session at the 54th annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Tuesday, Jan. 16, 2024. (Gian Ehrenzeller/Keystone via AP)

Satya Nadella, Chairman and Chief Executive Officer of Microsoft, speaks during a panel session at the 54th annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Tuesday, Jan. 16, 2024. (Gian Ehrenzeller/Keystone via AP)

Associated Press

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Published on:

Wed, 31 Jan 2024 - 3:51 AM

Updated on:

Wed, 31 Jan 2024 - 3:51 AM

~ 2 min read


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