We recently published a list of Jim Cramer Discussed These 29 Stocks Ahead Of Major AI Event. In this article, we are going to take a look at where Microsoft Corporation (NASDAQ:MSFT) stands against other stocks ahead of major AI event that Jim Cramer discussed.
Fresh job cuts are sweeping the technology sector with Microsoft the latest company to be making layoffs. The tech giant is cutting less than 1% of its employees, with the reductions based on performance,
Microsoft is set to double down on its generative artificial intelligence efforts in 2025 following the company's Vice Chair and President, Brad Smith's recent announcement of the tech giant's plans to invest up to $80 billion in building data centers.
The first phase alone of Microsoft’s data center in Mount Pleasant will likely require the same amount of electricity needed to power more than 300,000 homes, according to new information obtained by the Journal Sentinel.
Microsoft is one of the biggest spenders, followed closely by Google and AWS, Bloomberg Intelligence said. Its estimate of Microsoft’s capital spending on AI, at $62.4 billion for calendar 2025, is lower than Smith’s claim that the company will invest $80 billion in the fiscal year to June 30, 2025.
For this reason, a Microsoft executive is urging the US government to take action to prevent China from taking the lead in AI, as Huawei did with 5G. Brad Smith, Microsoft’s Vice Chairman and President,
While Microsoft is thinking on a global scale, the company's Vice Chair and President said more than half of this total investment will be in the US
Microsoft has doubled down on its plan to invest $80 billion into artificial technologies in 2025, while at the same time admitting that advancements to the technology will lead to job losses. This was always expected to be the case in some sectors, but Microsoft is now coming out and saying it directly.
Over half of the investment is reserved for infrastructure. Microsoft President Brad Smith frames AI investment as key to economic growth.
Over half of Microsoft’s $80 billion in spending will take place in the U.S., Microsoft Vice Chair and President Brad Smith wrote in a Friday blog post.