Microsoft's Azure cloud platform has demonstrated substantial growth, with revenues exceeding $75 billion annually. This surge is attributed to strategic investments in artificial intelligence, which are driving business transformation across sectors. Azure's annual revenue increased by 34%, reflecting growth across all workloads, including AI.
Microsoft's success mirrors similar gains reported by other Big Tech firms, highlighting the lucrative nature of AI investments. To meet the increasing AI infrastructure demand, Microsoft is expanding its data centre footprint and has allocated significant capital expenditure for the coming quarter.
The company aims to diversify its AI technology beyond its existing partnerships to maintain a competitive edge. Microsoft's Q4 revenue increased by 18% to $76.4 billion.
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