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At the Web Summit in Lisbon on November 12, 2024, Microsoft Vice Chair Brad Smith announced the company’s plan to invest $80 billion in data centers for AI workloads in fiscal 2025, primarily in the U.S. Smith emphasized America’s leadership in the global AI race, driven by private capital and innovation from both startups and established firms. He highlighted partnerships with OpenAI and other tech companies in advancing generative AI capabilities. In the first quarter of fiscal 2025, Microsoft reported $20 billion in capital expenditures and expects continued increases in spending.
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