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Microsoft sued by shareholders over expenses, cloud business, AI
Microsoft faces a shareholder lawsuit over alleged fraud related to slowing Azure growth and increased AI infrastructure spending, impacting its stock price.
OpenAI breaks off Microsoft exclusivity to free up path for Amazon, Google deals
OpenAI will no longer grant Microsoft exclusive access to its AI models, enabling partnerships with Amazon and Google cloud platforms.
Microsoft’s annual cloud revenue hits $75B, profit beats expectations
Microsoft said Wednesday that annual revenue for its flagship Azure cloud computing platform has surpassed $75 billion, up 34% from a year earlier. The Azure cloud business has been a centerpiece of Microsoft‘s efforts to shift its focus to artificial intelligence, but until Wednesday the company hadn’t disclosed how much money it makes. The revelation […]
