“Microsoft says cloud AI demand is exceeding supply even after 79% surge in capital spending”
May 2, 2024
“…In its earnings report on Thursday, Microsoft said capital expenditures jumped 79% from a year earlier to $14 billion. The company is spending much faster than it’s increasing revenue — sales climbed 17% in the period.
Even with all that investment, Microsoft has a shortage of data center infrastructure, specifically for deploying artificial intelligence models…”