"Because it really is a very general platform, we have lots of different ways that $10 billion of ARR is going to first show up," he said. In the past four quarters, Microsoft has generated almost $208 billion in total revenue. On Monday, in a public discussion with Microsoft technology chief Kevin Scott, Hood provided more specifics, saying that "the next generation AI business will be the fastest-growing $10 billion business in our history." In April, Microsoft finance chief Amy Hood said she expects fiscal fourth-quarter growth for Azure cloud of 26% to 27% year over year in constant currency, with 1 percentage point of it coming from AI services. Investors want to see what it all means for Microsoft's earnings and revenue. At the company's event in February to announce its Bing Chatbot, Microsoft CEO Satya Nadella said "it's an exciting time in tech." Microsoft has incorporated OpenAI tools into its Bing search engine and even the Windows operating system. Microsoft also has an exclusive license on OpenAI's models, including the GPT-4 large language model that can spit out natural-sounding words in response to a human's text input. On top of its hefty investment in OpenAI, the company provides the underlying computing power. Microsoft is a major beneficiary of the rise of ChatGPT and tangential products. Tech companies have rushed to embed the technology into products and features and have boasted their ability to use AI to drive cost savings as recession concerns persist. Personal Loans for 670 Credit Score or LowerĪI has been a hot topic all year, after Microsoft-backed OpenAI in November released the ChatGPT chatbot, which quickly went viral. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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