Wednesday, July 26, 2023

Microsoft Q4 results: Revenue rises to $56.2 billion, AI spending soars

Costs rose sharply as Microsoft built new data centers to support AI, and chief financial officer Amy Hood said on a conference call with analysts the company's capital expenditures would continue rising each quarter throughout fiscal 2024.

from Tech-Economic Times https://ift.tt/02lSpdr
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Zetwerk IPO: Size, valuation, timeline and other details we know so far

Zetwerk is preparing to confidentially file IPO papers to raise up to $550 million at a $4 billion valuation, including fresh equity and OFS...