AI (Artificial Intelligence)

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Microsoft shrugs off AI bubble fears again with strong financial results

Company reports second-quarter revenues of $81.27bn but posts slowing growth in key cloud computing businessInvestor interest in Microsoft’s shares may have weakened in recent months, but the company posted strong financial results on Wednesday that yet again demonstrated that the AI boom is roaring on.Microsoft reported earnings for the second quarter of fiscal year that

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Meta Forecasts Spending of at Least $115 Billion This Year

That would be a major jump from the $72 billion that the Silicon Valley tech giant shelled out last year, as it aims to compete in the artificial intelligence race.

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