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Microsoft reports $20.1B quarterly profit as it promises to lead 'the new AI platform shift'

Microsoft reports $20.1B quarterly profit as it promises to lead 'the new AI platform shift'
dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.

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Microsoft reports $20.1B quarterly profit as it promises to lead "the new AI platform shift"

Microsoft reports $20.1B quarterly profit as it promises to lead "the new AI platform shift"
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Microsoft reports $20.1B quarterly profit as it promises to lead 'the new AI platform shift'

Microsoft reported a 20% spike in quarterly profits Tuesday, helping to fuel its battle to get ahead of rivals like Google, Amazon and Facebook parent Meta in selling the latest artificial intelligence technology. The software giant said its fiscal fourth-quarter profit was $20.1 billion, or $2.69 per share, beating analyst expectations for $2.55 per share. CEO Satya Nadella said the company remains focused on “leading the new AI platform shift," though its push to add AI features to its existing products — among them cloud computing services, workplace software and its Bing search engine — are not yet making an obvious mark on its financial results. ....

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