NEWS: Microsoft expects to spend $80 bn on AI this fiscal year

Microsoft expects to spend $80 bn on AI this fiscal year

Microsoft president Brad Smith says the United States is in a race with China to spread its artificial intelligence technology to other countries, making it a de facto standard for use around the world.
Photo: Andreas SOLARO / AFP
Source: AFP

Microsoft president Brad Smith on Friday said the company is on track to pump about $80 billion into artificial intelligence (AI) this fiscal year.

Smith contended AI is poised to transform all aspects of life, and it is imperative that the United…

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