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Microsoft announced creation of CoreAI division to build AI apps and agents, led by former Meta exec Jay Parikh. $80B allocated for AI and data centers. Analysts see growth potential.

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Amid new layoffs and historic upheaval, the Madison area remains a big player in the multi-billion dollar game development industry.

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(Bloomberg) -- Microsoft Corp. plans to spend $80 billion this fiscal year building out data centers, underscoring the intense capital requirements of artificial intelligence. More than half of ...