The Bill Comes Due for Microsoft’s AI Push

Microsoft's capital expenditures in the second quarter exceeded $10.7 billion, primarily due to the company's efforts to add capacity to its Azure cloud computing platform.
This represents a 23% increase from the same quarter a year earlier and is the highest quarterly capex in Microsoft's history.
Chief Financial Officer Amy Hood stated that the company expects the capital expenditures to continue to rise in each of the next four quarters.
The increased spending is aimed at meeting the growing demand for Azure, particularly from customers seeking to train and run artificial intelligence applications.