Microsoft Faces Shareholder Lawsuit Over Alleged AI Spending Cover-Up (opens in new tab)

Microsoft shareholders sued the company Friday (June 12), alleging that it defrauded them and inflated its stock price by concealing slower growth in its Azure cloud business and a need to invest billions of dollars in artificial intelligence infrastructure, Reuters reported Monday (June 15). The lawsuit was sparked by Microsoft shares falling 10% on […] The post appeared first on <a href="