Since the release of the ChatGPT chatbot in 2022, Microsoft has plowed more and more money into building data centers in what one industry analyst called “the largest infrastruc

After 10 consecutive quarters of increased spending for artificial intelligence, the company has tapped on the brakes, according to new financial results.

After 10 consecutive quarters of increasing its spending on artificial intelligence, Microsoft is deciding to slightly pull back its financial commitment to the burgeoning technology.

West Coast tech giants Microsoft and Meta both exceeded analyst forecasts in first-quarter earnings reports Wednesday.

U.S. technology-related stocks including many involved in artificial intelligence rose sharply on Thursday following stronger-than-expected results from Microsoft and Meta Platforms, while investors awaited results from Apple and Amazon.

U.S. stocks rallied on Thursday, with the Dow and S&P 500 posting their eighth straight session of gains after strong results from megacaps Microsoft and Meta eased concerns about artificial intelligence spending.