CNBC July 25, 2023
Key Points
– Microsoft still lags behind Amazon in cloud infrastructure.
– But Microsoft CEO Satya Nadella said Tuesday his company is leading when it comes to new artificial intelligence workloads such as OpenAI’s ChatGPT.
– Of Microsoft’s anticipated 25% to 26% Azure cloud growth in constant currency in the current quarter, and some 2 percentage points will be derived from AI, the company’s finance chief said.
Satya Nadella couldn’t help himself. He had something to brag about, and he did it on Microsoft’s painstakingly followed hourlong earnings call with analysts on Tuesday. Never mind that the stock was down about 4% after hours.
Nadella said that while Microsoft isn’t the largest provider of cloud infrastructure for other companies to...
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