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 during the same period. Despite this, Microsoft's overall financial performance remained strong, with $90 billion in revenue and $35.8 billion in net income for the quarter. Over the full fiscal year, Microsoft’s OpenAI investment still generated a $5 billion gain, showing mixed but overall positive returns from its AI investments.
Microsoft Corporation reported a strong Q2 performance driven by AI growth and robust cloud business, with key segments like Productivity and Intelligent Cloud showing double-digit gains. While Windows OEM, Devices, and XBOX sales declined, the compa...
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...
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, cit...
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 ...
