After making big cost cuts, Microsoft and Alphabet plan to spend this year to build out more infrastructure to support the higher-performance computing power...
As Alphabet Inc. and Microsoft Corp. vied for investors’ attention Tuesday with dueling earnings reports, one commonality was that both companies are increasing their capital spending on infrastructure, with AI a key component of that spending.
And with both Silicon Valley and Wall Street now obsessed with generative artificial intelligence as the Next Big Thing, both companies — after making big cost cuts –plan to spend this year to build out more infrastructure to support the higher-performance computing power needed for AI, and hope to reap the rewards later.
Microsoft Chief Financial Officer Amy Hood also detailed spending plans. “We will continue to invest in our cloud infrastructure, particularly AI-related spend as we scale with the growing demand driven by customer transformation,” Hood told analysts on the company’s earnings call. “And we expect the resulting revenue to grow over time.”
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