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Microsoft Faces Shareholder Lawsuit Over AI Spending and Azure Growth

Microsoft Faces Shareholder Lawsuit Over AI Spending and Azure Growth

Microsoft is facing a shareholder class action lawsuit over its AI strategy, Copilot rollout, and cloud business performance, according to Reuters. The complaint was filed in a Seattle federal court by the City of St. Clair Shores Police and Fire Retirement System. Shareholders allege that Microsoft intentionally promoted its AI momentum while downplaying slower Azure [...]