Microsoft says slashing jobs and using AI helped it save $500M: report
1. Microsoft saved over $500 million using AI in call centers last year. 2. Almost 4% of workforce to be laid off amid cost-cutting and AI investments. 3. AI is responsible for 35% of new product code generation, enhancing productivity. 4. Microsoft plans to invest $80 billion in data centers for AI capacity. 5. Big tech is heavily investing in AI while cutting costs to improve profitability.