Executive Chairman and CEO of Microsoft Corporation Satya Nadella speaks during the "Microsoft Build: AI Day" event in Bangkok, Thailand, May 1, 2024. REUTERS/Chalinee Thirasupa/File Photo
(Reuters) -Microsoft predicted increased spending on artificial intelligence this quarter but slower growth in its cloud business Azure, signaling that big AI investments were not enough to keep pace with capacity constraints at its data centers.
Shares of the Redmond, Washington-based company dipped 3.6% in after-market trading, giving up earlier gains. The company beat Wall Street's estimates for first-quarter revenue and profit.
