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

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

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

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.

U.S. stock futures jumped Thursday morning after Microsoft and Meta reported strong quarterly earnings, easing concerns about a potential slowdown in the tech sector amid economic uncertainties. The Dow Jones Industrial Average futures climbed 319 points,