Capital spending soars in the cloud as Microsoft, Google, and others bet big on AI demand
GeekWire
APRIL 30, 2024
These servers inside a Microsoft data center in Quincy, Wash., were the first to be powered by the company’s Azure Cobalt 100 CPU, as part of a broader cloud infrastructure buildout. Microsoft’s capital expenditures rose 79% to a record $14 billion in the March quarter. Facebook parent Meta reported $6.7
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