Microsoft Reports Strong Earnings, Invests in AI
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Microsoft had good sales in their last quarter. The company made $77.7 billion, which is more than expected. However, Microsoft is spending a lot of money on new things. They want to improve their cloud and AI tools.
Microsoft spent about $35 billion on these improvements. A lot of the money went to computer chips. They also spent money on data centers for their services.
The company's profit increased by 22% to $30.8 billion. This is equal to $4.13 for each share of the company. Microsoft did not include OpenAI's impact in these results. They wanted to make the core business clearer.
Microsoft made a new deal with OpenAI recently. This deal helped Microsoft reach a $4 trillion value. The company's stock price dropped after the deal was announced. Investors are thinking about the earnings report.
Microsoft has invested a lot of money in OpenAI already. They have spent $11.6 billion of the total $13 billion commitment. People are very excited about artificial intelligence right now. Microsoft is offering new AI assistant Copilot to users.
Questions
How much money did Microsoft make in their last quarter?
$77.7 billion
How much did Microsoft spend on improvements?
$35 billion
What is the profit increase percentage for Microsoft?
22%
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