Microsoft reported US$22.6 billion in capital expenditures, much of it on cloud and AI, between October and December, and plans to spend similar sums in the next two quarters. Meta, which is building out its digital infrastructure, projected up to US$65 billion in capital expenditures in 2025. (The Logic)
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Microsoft reported US$22.6 billion in capital expenditures, much of it on cloud and AI, between October and December, and plans to spend similar sums in the next two quarters. Meta, which is building out its digital infrastructure, projected up to US$65 billion in capital expenditures in 2025. (The Logic)
Talking point: As they build out compute capacity, both tech giants booked gains from AI. Microsoft’s annualized AI revenue topped US$13 billion, up 175 per cent year-over-year and ahead of its US$10-billion target. But shares still dropped as much as 6.2 per cent in Thursday trading after the non-AI parts of its cloud business disappointed. Meanwhile, AI is helping with Meta’s core business of putting ads in front of its users, with CEO Mark Zuckerberg citing the popularity of automated tools that target and generate ads. Meta’s stock rose as much as 5.1 per cent on Thursday.
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