Microsoft reported record profits with $90 billion quarterly revenue and $35.8 billion net income, driven by its cloud and AI investments. CEO Satya Nadella urged enterprises to use multiple AI models and avoid dependency on OpenAI and Anthropic, citing security and vendor lock-in risks. Microsoft promotes its own MAI models and AI chips as cost-effective alternatives, emphasizing flexibility and control for customers. This strategy positions Microsoft as a key AI provider amid growing industry concerns about AI trust and safety.
Microsoft reported strong revenue growth in its cloud and AI businesses, with Intelligent Cloud revenue up 32% to $39.3 billion and overall revenue rising 18% to $90 billion in the quarter ended June 30, 2026. To manage rising capital expenditures, M...
Rep. Frank Pallone, ranking member of the House Committee on Energy, has demanded SpaceX CEO Elon Musk provide records and a tour of the company's AI data centers and power plants in Memphis, Tennessee. Pallone alleges that SpaceX's use of natural ga...
Microsoft reported robust Q4 results highlighted by a 43% year-over-year revenue growth in its Azure cloud business and a 23% increase in overall profits. Despite significant investments in cloud and AI, the company maintains high profit margins and ...
In its fiscal fourth quarter of 2026, Microsoft reported a $3.2 billion gain from its investment in AI lab Anthropic, significantly boosting its earnings per share. However, its investment in rival AI company OpenAI saw a $600 million write-down duri...
Microsoft reported fiscal Q4 revenue of $90 billion, up 18% year-over-year, surpassing analyst expectations of $87.6 billion. Earnings per share also exceeded estimates, with non-GAAP EPS at $4.74 versus $4.24 expected. The growth was fueled by stron...
