Employees at Microsoft, long known for its stability in the industry, are grappling with its decision to offer buyouts to 60,000 people as AI spending grows (Emmy Martin/New York Times)
Within an hour of Microsoft's announcement of buyouts last week, employees rushed to an internal site to see whether they had been offered one.
Australian AI data center company IREN has delayed some infrastructure deliveries for Microsoft while announcing a $15 billion spending plan. Despite a decline in AI stocks, IREN's quarterly revenue beat expectations and its shares rose 4 percent in extended trading. The company is investing heavily in computing equipment and infrastructure to support its AI cloud business.
IREN expects to spend about $15 billion on capital expenditure over the rest of its fiscal year. The delay in Microsoft's infrastructure delivery stems from customer-requested design changes and supplier timing. Microsoft is tightening oversight of neocloud providers, including IREN, amid delays and rising costs.
Written by urgent.news from CNA - Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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