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AI lesson for Microsoft and Google: Spend money to make money

By Akash Sriram and Stephen Nellis

Jul 27 2023 8:37AM

Big investments needed before big payoffs might arrive.

AI lesson for Microsoft and Google: Spend money to make money

Artificial intelligence is expected to pay off big for tech giants including Microsoft and Alphabet someday - but expect deeper investments before gains trickle to the bottom line, the companies said. Microsoft said costs rose sharply as it built new data centres to support AI and that capital ...

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