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Microsoft reports earnings with a big boost from AI

Microsoft says AI is on pace to be a $10 billion-a-year businessIna FriedMicrosoft CEO Satya Nadella speaks during the Microsoft Build conference in Seattle. Photo: Jason Redmond / AFP via Getty Images.Microsoft CEO Satya Nadella said Wednesday that the company's AI business will soon hit a $10 billion annual run rate, the fastest product category to reach that mark.Why it matters: The newly provided figure shows how Microsoft is seeing additional revenue, largely from its Azure cloud business, ...

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