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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
When Microsoft Corporation (NASDAQ: MSFT) entered in a multibillion relationship with OpenAI, it made quite a wager that AI will change the way we work. With its latest quarterly results, that wager seems to be paying off already as the tech giant is rapidly infusing AI across its offerings and consequently, business processes with the result of increased productivity. When it reported its previous quarter, Microsoft dropped a bunch of well-known companies using its AI services, such as Airbnb I
Microsoft shares have stalled as investors await a payoff from generative AI.
Microsoft has announced its financial results for the first quarter of its 2024 fiscal year. Revenues for the quarter totaled $56.5 billion, compared to $50.1 billion in revenues from a year ago.
Revenue and net income increase by 13% and 27% respectively, driven by robust cloud performance