Microsoft Azure earnings disappoint, company blames data center capacity constraints
Following the recent $500bn "Stargate" data center initiative announced by OpenAI, Microsoft is no longer the AI company's exclusive cloud provider though retains the "right of first refusal (ROFR)" and "to further support OpenAI, Microsoft has approved OpenAI’s ability to build additional capacity, primarily for research and training of models."
Enterprise AI workloads and OpenAI training consumed Azure resources last year. “We have been short power and space,” CFO Amy Hood said.
Microsoft has tested Wall Street's patience by plunking down huge amounts of cash in pursuit of profits from AI that have yet ...
The tech giant’s revenue was up 12 percent to $69.6 billion, but investors are showing their nerves after a long boom for ...
Investors punished Microsoft with a 6% share drop on Thursday as hefty AI bets failed to drive a big increase in its cloud ...
Investors grow concerned that AI expenses and a looming price war in cloud services could blow up its profits.
Chinese AI startup DeepSeek's model led to increased scrutiny on Microsoft's AI spending.
Microsoft's capital expenditures hit $22.6 billion, above analysts' consensus estimate of $20.95 billion, according to data ...
Microsoft on Wednesday forecast disappointing growth in its Azure cloud computing business, sending its shares down more than ...
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