Microsoft Continues A.I. Spending Growth as Profit Grows 10%

Investors worried about how much money big technology companies are spending on artificial intelligence did not get much relief from Microsoft when it reported its latest financial results on Wednesday.

In its most recent quarter, which ended on Dec. 31, Microsoft kept up its rapid drive to build data centers to power cloud computing and artificial intelligence. It spent $22.6 billion on capital expenses, almost twice as much as a year earlier.

Microsoft has said it would spend around $80…