Microsoft denies reports of 20% cloud cuts to offset AI spending

Microsoft is pushing back on reports that the tech giant is considering major cuts to its cloud division amid increased spending on artificial intelligence. Citing sources familiar with the situation, The Information reported yesterday that Microsoft Azure core team president Girish Bablani has directed leaders in the division to develop plans to cut costs by at least 20%. Such cuts may be necessary to offset massive spending on AI data centers and free up funds for bidding wars ove...