Microsoft Extends Data Center Lifespans to Soften AI Buildout Costs

Microsoft reported strong growth in its cloud and artificial intelligence businesses while also working to moderate the impact of capital expenditures. The company said in a Wednesday (July 29) earnings release that during the quarter ended June 30, its Intelligent Cloud revenue increased 32% year over year to $39.3 billion, its Productivity and Business Processes revenue rose 14% year over year to $37.8 billion, and its More Personal Computing revenue declined 4% year over year to $12.9 billion