Microsoft sued by shareholders over expenses, cloud business, AI (opens original article in a new tab)

Microsoft faces a shareholder lawsuit alleging securities fraud over undisclosed slowing growth in its Azure cloud business and increased AI-related expenses. The company denies the claims and plans to defend itself in court.

• Microsoft sued by shareholders for alleged securities fraud
• Shareholders claim Microsoft failed to disclose slowing Azure growth and AI spending
• Microsoft denies claims and will defend in court