The company’s growth was accelerated by the rise of cloud services and business related to artificial intelligence.
30.10. 22:55•Updated 30.10. 23:26
The result of the technology company Microsoft in July–September increased by 11 percent from the corresponding period of the previous year to 24.7 billion dollars, or approximately 22.7 billion euros. The company’s turnover in the same period increased by 16 percent from the previous year to 65.6 billion dollars, or approximately 60.4 billion euros.
The company’s growth was accelerated by the rise of cloud services and business related to artificial intelligence.
– The transformation accelerated by artificial intelligence will change working in all professions and business processes, said the CEO of Microsoft Satya Nadella in the statement.
Microsoft has been at the forefront of the development of generative artificial intelligence because the company has been a partner of OpenAI, which developed the popular ChatGPT program. The artificial intelligence functions developed by OpenAI have been widely implemented in various Microsoft products.
However, artificial intelligence itself has so far not generated significant income compared to the investments made in it, according to the market research company Emarketer Jeremy Goldman for AFP.
– (Microsoft) is pouring money into this infrastructure, but the revenue generated by artificial intelligence seems more and more like a promise rather than a reality, Goldman said.