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Microsoft's slow cloud growth signals AI payoff will take longer

By Aditya Soni, Yuvraj Malik and Anna Tong

Aug 1 2024 6:51AM

Claims 60,000 Azure AI customers.

Microsoft's slow cloud growth signals AI payoff will take longer

Microsoft said it would spend more money this fiscal year to build out AI infrastructure even as growth slowed in its cloud business, another sign the payoff from hefty investments in the technology may take longer than Wall Street had hoped. Shares fell seven percent on the spending forecast ...

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