30 July 2026 at 9:26 am
Summary
Microsoft's Azure cloud business has surpassed $100 billion in annual revenue for the first time, driven by strong customer demand for AI, boosting the company's overall quarterly revenue to $90 billion. Despite a broader market downturn, Microsoft's shares rose, with CEO Satya Nadella emphasizing the importance of using multiple AI models following a recent security incident involving an OpenAI agent.
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