Microsoft said its cloud-computing business will continue to grow slowly in the current quarter as the company struggles to build enough data centers to handle demand for its artificial intelligence products.

Microsoft is doubling down on its investments in Malaysia with the acquisition of an additional plot of land near the Singapore border from Crescendo Corp.—a real estate developer controlled by palm oil tycoon Gooi Seong Lim—as the U.

While local officials discuss the economic benefits, some farmers worry about the long-term impact on agriculture and rising costs.

Microsoft paid a total of $34.8 million for approximately 240 acres in the city of Kenosha, where it plans a data center. It acquired six parcels across five separate transactions with different landowners.