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Microsoft CEO Satya Nadella says the great cloud slowdown won't last forever as he shares his plan for a big bounce back
12 days ago - By Business Insider
Microsoft CEO Satya Nadella Stephen Brashear/Getty Images
Microsoft's earnings report Tuesday showed slowing cloud growth in a reality check for Wall Street.
It's caused analysts to rethink their expectations for the rest of the cloud industry, mainly AWS.
However, Microsoft's CEO and analysts think cloud is poised for a bounce-back after some hard times.
Microsoft's cloud revenues are down , as is the growth rate of its Azure cloud platform, as customers pull back on spending and look to optimize their cloud tools, the company reported in its quarterly earnings report Tuesday. The report...
Read more ...Microsoft's $10 billion bet on ChatGPT's maker gives it a powerful new weapon in the cloud wars with Amazon and Google
12 days ago - By Business Insider
Microsoft CEO Satya Nadella. Christophe Morin/IP3/Getty Images
Microsoft's multibillion-dollar bet on OpenAI could be rocket fuel for its cloud business.
Cloud, increasingly important to Microsoft, Amazon, and Google, is slowing down in the short term.
But whoever successfully integrates AI could dominate the market.
Microsoft opened Wednesday with a 4% share price drop after the firm gave a tough outlook for its cloud business during third-quarter earnings Tuesday. But the company has a longer-term strategic weapon that could help it win the cloud wars: its once-in-a-generation bet on...
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