Microsoft announced Wednesday that it has expanded its cloud and AI infrastructure in Europe and will follow local laws, hours before the company announced better-than-expected earnings. The expansion will allow each country to "fully use these technologies to strengthen their economic competitiveness,

Worry that a slowing economy will derail artificial intelligence-fueled growth this year may take a back seat after Microsoft over-delivered in its latest quarterly earnings report. Related: Surprising GDP report sends stocks on roller coaster ride Microsoft outpaced Wall Street earnings estimates on revenue and profit,