According to CoinMeta, and as reported by Bloomberg, Microsoft stated that it will "bear the costs" itself to drive the development of its data centers, without relying on government subsidies or increasing the electricity bills for other customers. Noelle Walsh, President of Microsoft's Cloud Business, said, "We don't want other customers to pay for our growth." Microsoft spent approximately $117 billion this year on artificial intelligence and cloud data centers and indicated that it will continue to invest in these areas.