SAN FRANCISCO (AP) — Microsoft Corp. said Tuesday that its profit for the October-December quarter soared 33%, powered by its significant investments in artificial intelligence technology.
The company said that increase largely reflected growth in its cloud-computing unit, where Microsoft focuses most of its AI investments.
“Microsoft is firmly establishing itself as a frontrunner in the AI race,” said Jeremy Goldman, director of briefings at Insider Intelligence.
In addition to other benefits, Goldman suggested that AI technology could help expand Microsoft’s share of digital advertising.
That merger boosted Microsoft's revenue growth by four points, according to James Ambrose, the company's director of investor relations.
Persons:
”, Jeremy Goldman, Goldman, James Ambrose, Microsoft's
Organizations:
FRANCISCO, — Microsoft Corp, Microsoft, Intelligence, Google, FactSet Research, Activision, Revenue
Locations:
Redmond, Washington