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“Microsoft says cloud AI demand is exceeding supply even after 79% surge in capital spending”

“…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…”

https://www.cnbc.com/2024/04/25/microsoft-says-cloud-ai-demand-exceeds-supply-despite-spending-surge.html

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