Microsoft Spent $120 Billion on AI in Two Years; Investors Want Customer Adoption Proof
English summary
Microsoft invested $120 billion over a two-year period on AI infrastructure buildout. The company now faces investor scrutiny because customer adoption of these AI capabilities remains disproportionately low relative to that massive expenditure. Questions are mounting about where the paying customers are and whether the investment will generate adequate returns.
Chinese summary
微软在两年内投入1200亿美元用于人工智能基础设施建设。由于客户对这些AI能力的采用程度相对于巨额投资仍显得不成比例的薄弱，公司正面临投资者质疑。市场越来越关心付费客户在哪里，以及这笔投资能否产生足够的回报。
Key points
Microsoft's AI buildout cost $120 billion over the last two years.
微软过去两年在AI建设上花费了1200亿美元。
Customer adoption of these AI services is described as disproportionately skinny versus the investment.
与投资规模相比，客户对这些AI服务的采用被描述为不成比例的稀少。
Investors are pressing the company for clarity on monetization and customer uptake.
投资者正施压公司说明商业化进展和客户采用情况。