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Fortune

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Sebastian Herrera

BIZARRE: Microsofts cloud growth accelerates and so too does the spending | Mind Blowing Facts

Microsoft Artificial Intelligence Alphabet Amazon Anthropic Devices Meta Xbox

(Credit: David Paul Morris/Bloomberg via Getty Images)

Microsoft’s cloud business is humming even as spending to build out its AI business remains high.

The software giant’s first-quarter earnings report Wednesday showed ample demand for its AI services, as Microsoft races to put more computing capacity online and as other parts of its business, such as legacy software and gaming, lag.

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One subscription that gives you access to news from hundreds of sites

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