Microsoft is pulling ahead of its chief rivals, Amazon.com and Google, in the burgeoning cloud services market.
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Google’s cloud business crawled to its slowest in at least 11 quarters, even as sales at Microsoft’s cloud unit boomed.
Microsoft beat estimates for quarterly revenue and profit, with the company saying that artificial intelligence products are helping stimulate sales.
Microsoft posted results late on Tuesday that showed some strength in the face of a weak economy,
Microsoft will add OpenAI’s viral artificial intelligence bot ChatGPT to its cloud-based Azure service “soon”.
Microsoft projected second quarter revenue below Wall Street targets across its business units.
Microsoft has outlined planned changes to the terms of its software licensing agreements following complaints to antitrust regulators.
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After a brief scare, Microsoft reassured tech investors late on Tuesday that the enterprise Internet cloud business category has plenty of room to grow.