Microsoft's Azure Draws Businesses with Generative AI Features, Closing Gap on Amazon in Cloud-Computing Market

Microsoft is making progress in closing the gap on Amazon in the cloud-computing market, with its Azure service attracting more businesses. Microsoft's adoption of generative AI features, powered by Open AI's technology, is drawing clients to its Azure cloud-computing service. Strong earnings are anticipated for Microsoft, driven by the billions invested in generative AI. RBC Capital Markets analyst Rishi Jaluria believes Azure's growth is due to Microsoft's overall AI strategy and expects the company to capture market share from Amazon. …

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