Microsoft's going to keep spending big as AI continues to boom

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• Microsoft plans to boost spending on AI and cloud services as demand rises.
• The company made $26.7 billion in revenue this quarter from cloud products, including Azure.
• Microsoft's spending commitment follows leaked plans to acquire 1.8 million AI chips in 2024.

Microsoft won't slow down its artificial intelligence spending spree anytime soon.

In its third-quarter earnings call on Thursday, the...