Microsoft’s spending on artificial intelligence is still going up, but unlike other big technology companies, it appears to have an answer for worries that the returns do not justify the cost. Microsoft also said its spending hit $145.3 billion in its 2026 fiscal year, which also ended in June. Investors watch the figure as the clearest sign of whether Microsoft’s A.I. The real test, some investors said, is whether demand continues to match Microsoft’s spending. The post Microsoft Increases Spending on A.I.