Microsoft’s Cloud Revenue Disappoints But Satya Nadella Remains Committed to A.I. Spending

Microsoft is going all in on A.I.  The world’s most valuable company yesterday (July 30) reported capital expenditures (CapEx) of $19 billion for the April-June quarter, up 78 percent from a year ago. The majority went towards cloud and A.I.-related projects. “We know how to manage our CapEx spend to build out a long-term asset,” Microsoft CEO Satya Nadella told analysts when asked whether Microsoft’s A.I. investments will soon pay off.

The company’s Intelligent Cloud unit, which includes...