Microsoft Corp’s cloud unit grew at the fastest clip in four years and the pace is accelerating, suggesting the company’s artificial intelligence (AI) and computing services are making inroads with customers.Azure cloud revenue rose 43 percent during the fiscal fourth quarter, the company said in a

Microsoft’s Azure grew 43% and passed $100bn for the year, its backlog hit $678bn, and the stock rose 2%. But AI capital spending keeps climbing.

July 29 : Microsoft on Wednesday said it expects to keep generating cash through its fiscal 2027 and gave a capital expenditure forecast below Wall Street estimates after changing…