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Finance

Microsoft plans to spend $80 billion on AI-enabled data centers in fiscal 2025

Published by Global Banking and Finance Review

Posted on January 3, 2025

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(Reuters) -Microsoft is planning to spend $80 billion in fiscal 2025 on the construction of data centers to train artificial intelligence (AI) models and deploy AI and cloud-based applications, the company said in a blog post on Friday.

(Reporting by Harshita Mary Varghese in Bengaluru; Editing by Shinjini Ganguli)