With greater acceptance of artificial intelligence, other sectors have also been revived. Cloud computing has also had its share of this progress. This being the case, Microsoft was the one who gained the most advantage from this situation. The artificial intelligence move also had a very positive impact on Microsoft’s financial results.

Microsoft’s artificial intelligence step had a positive impact on its revenues!

Now artificial intelligence has managed to settle into every part of our lives. As the use of artificial intelligence increases, the need for cloud systems increases accordingly. The artificial intelligence move shows that Microsoft’s cloud revenues have reached a new record. The company’s total revenue for the three months, calculated on December 31, 2023, increased by 18% to $62 billion. This was more than both Microsoft and analysts expected.

The company attributed much of its success to Microsoft Cloud’s $33.7 billion in revenue, up 24% year over year. Thus, last quarter, Microsoft Cloud managed to account for more than half of the company’s entire revenue. In the short term, the company has already managed to reap the fruits of this huge investment it made in the age of artificial intelligence.

However, Microsoft Cloud’s revenue increased by $6.6 billion after its agreement with OpenAI. Microsoft has confirmed that it will invest billions of dollars in OpenAI, the architect of ChatGPT, which forms the basis of many productive artificial intelligence solutions.

CEO Satya Nadella summarized the company’s progress in this area: “We’ve moved from talking about AI to implementing AI at scale. By infusing AI into every layer of our technology stack, we’re winning new customers. We’re helping deliver new advantages and productivity gains in every industry.”

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