Microsoft's Activision acquisition and bets on AI yield high quarterly revenue

Microsoft beat analyst expectations Tuesday as its heavy bets on artificial intelligence bore fruit, particularly for its Azure cloud computing unit.The software giant reported revenue of $62bn, up 18% year-over-year, surpassing anticipated earnings of $61.1bn.CEO Satya Nadella said: “We’ve moved from talking about AI to applying AI at scale. By infusing AI across every layer of our tech stack, we’re winning new customers and helping drive new benefits and productivity gains across every sector.”Microsoft C ...