The company has spent billions of dollars to expand its global network of data centers and other physical infrastructure required to develop AI technology that can compose documents, make images and serve as a lifelike personal assistant at work or home.
As a result, AI-related products are now on track to contribute about $10 billion to the company’s annual revenue, the “fastest business in our history to reach this milestone,” CEO Satya Nadella said on a call with analysts Wednesday.
The software maker also reported an 11% increase in quarterly profit to $24.7 billion, or $3.30 per share, which beat Wall Street expectations for the July-September period.
Analysts polled by FactSet Research were expecting Microsoft to earn $3.10 per share on revenue of $64.6 billion.
Microsoft hasn’t yet formally reported revenue specifically from AI products but says it has infused the technology and its AI assistant, called Copilot, into all of its business segments, particularly its Azure cloud computing contracts.
Esta historia es de la edición November 02, 2024 de Techlife News.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición November 02, 2024 de Techlife News.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
AMAZON REPORTS STRONG EARNINGS FOR Q4, BUT STOCKS DIP DUE TO OUTLOOK FOR THE FIRST QUARTER
Amazon reported better-than-expected revenue and profits for the holiday shopping period, but its stocks dipped in after-hours trading due to disappointing guidance for the current quarter.
HOUSE LAWMAKERS PUSH TO BAN AI APP DEEPSEEK FROM US GOVERNMENT DEVICES
A bipartisan duo in the U.S. House is proposing legislation to ban the Chinese artificial intelligence app DeepSeek from federal devices, similar to the policy already in place for the popular social media platform TikTok.
LOOKING FOR LOVE THIS VALENTINE'S DAY? DON'T FALL FOR INSTAGRAM ROMANCE SCAMS
If your social media suitor seems too good to be true, it might be a scam.
MUSK SAYS HE'LL WITHDRAW $97.4 BILLION BID FOR OPENAI IF CHATGPT MAKER REMAINS NONPROFIT
Elon Musk says he will abandon his $97.4 billion offer to buy the nonprofit behind OpenAI if the ChatGPT maker drops its plan to convert into a for-profit company.
HOW ELON MUSK $97.4 BILLION BID COMPLICATES MATTERS FOR OPENAL
OpenAI CEO Sam Altman has dismissed a $97.4 billion takeover bid led by rival Elon Musk, but the unsolicited offer could complicate Altman's push to transform the maker of ChatGPT into a for-profit company.
CALIFORNIA'S INSURER FOR PEOPLE WITHOUT PRIVATE COVERAGE NEEDS $1 BILLION MORE FOR LA FIRES CLAIMS
California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay out claims related to the Los Angeles wildfires, the state Insurance Department said this week.
HOW PHOTOS LOST IN AMERICAN DISASTERS FIND THEIR WAY HOME, WITH A LITTLE HELP FROM PEOPLE WHO CARE
Hollowed-out homes. Cars entombed by mud. Unpeopled roads. Belongings reduced to dirt and debris.
ELON MUSK-LED GROUP PROPOSES BUYING OPENAI FOR $97.4 BILLION.OPENAI CEO SAYS 'NO THANK YOU'
A group of investors led by Elon Musk is offering about $97.4 billion to buy the nonprofit behind OpenAI, escalating a dispute with the artificial intelligence company that Musk helped found a decade ago.
THE WOMEN OF 'THE WHITE LOTUS' CHECK INTO SEASON 3 IN THAILAND
Get ready to check into \"The White Lotus\" in Thailand for Season 3 - this time, sadly, there's no room for Jennifer Coolidge, who went overboard in the second season.
JAPAN'S SOFTBANK REPORTS LOSS WEEKS AFTER ANNOUNCING AI INVESTMENT
Japanese technology company SoftBank Group Corp. reported a 369.2 billion yen ($2.4 billion) loss for the fiscal third quarter as it racked up red ink from its Vision Fund investments.
