Microsoft's AI business is set to surpass $10 billion in annual revenue run rate next quarter, achieving the fastest acceleration to that milestone in the company's history.
Azure OpenAI Service usage has more than doubled over the past six months, with nearly 70% of Fortune 500 companies using Microsoft 365 Copilot, the company's AI-powered workplace assistant.
Supply constraints remain a challenge as demand for AI computing resources exceeds available capacity, but Microsoft is expanding its AI infrastructure globally.
Microsoft's AI-driven growth aligns with the company's overall strong performance, with Microsoft Cloud revenue reaching $38.9 billion in the quarter, up 22% year over year.