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Microsoft on Thursday said its profit rose 20% for the January-March quarter as it tries to position itself as a leader in applying artificial intelligence technology to make workplaces more productive. Analysts polled by FactSet expected Microsoft to post revenue of $60.86 billion for the quarter. Microsoft doesn't spell out how much money it makes from AI products, including its flagship Copilot chatbot that can compose documents, write code or generate images.

United statesJason wongWall street