Microsoft Faces Shareholder Lawsuit Over Alleged AI Spending Cover-Up

Microsoft shareholders sued the company Friday (June 12), alleging that it defrauded them and inflated its stock price by concealing slower growth in its Azure cloud business and a need to invest billions of dollars in artificial intelligence infrastructure, Reuters reported Monday (June 15). The lawsuit was sparked by Microsoft shares falling 10% on Jan. 29, a day after the company said in a quarterly earnings report that the revenue growth of Azure and its other cloud businesses slowed from 40