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Microsoft shares fall after earnings report even as AI bet bears fruit
Artificial intelligence (AI) | The Guardian www.theguardian.com
Company’s $56.2bn revenue beat Wall Street expectations but slowing growth for cloud service Azure proved to be a dampener
Microsoft shares fell on Tuesday as the company reported a slowdown in growth of parts of its business, despite the company’s various investments in AI including its partnerships with OpenAI and Meta.
The tech firm beat Wall Street expectations with $56.2bn in revenue, but its latest earnings report showed slowing revenue growth for its cloud service Azure. Revenue from Azure only …
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