Microsoft adds AI and IoT cautionary language to its earnings
Lastly, “laws and regulations relating to the handling of personal data that may impede the adoption of our services or result in increased costs, legal claims, or fines against us” is now “laws and regulations relating to the handling of personal data that may impede the adoption of our services or result in increased costs, legal claims, fines, or reputational damage.”
Still, I expect the AI and IoT additions are here to stay. Microsoft is doubling down on the former anywhere and everywhere you look – although last week it asked for the U.S. government to regulate facial recognition systems. As for the latter, Microsoft is pouring $5 billion into IoT over the next four years.