Microsoft reported a 20% increase in profit for the January-March quarter, driven by strong demand for its cloud computing services and productivity software as the company continued to invest in artificial intelligence (AI) technology. The tech giant’s revenue rose 7% to $52.9 billion, with its cloud business segment up 28% to $28.5 billion. Microsoft’s investments in AI have been a key focus, with the company integrating AI capabilities into its Office software suite and cloud services. The company’s AI efforts have been bolstered by its partnership with OpenAI, the startup behind the viral ChatGPT conversational AI. Microsoft has also been working on AI models for coding, writing, and data analysis. While the company faces economic headwinds and increased competition from rivals like Amazon and Google, its push into AI is seen as a strategic move to drive long-term growth and innovation.