Microsoft is developing cutting-edge AI chips to 'close the gap' with AWS, internal documents show
. Microsoft considers chip-development one of its"needle-moving priorities," an initiative expected to generate $10 billion of new revenue by 2030.
Chip development is part of Microsoft's plan to add $10 billion in revenue to its data and AI businesses over the next three years, for a total of $26 billion, and more broadly, contribute to the company's goal to reach $500 billion in total revenue by 2030. Microsoft's revenue for 2022 was $198.3 billion, up from $161.1 billion the year prior.
"We're currently a strong number two player in the public cloud space," Microsoft chairman and CEO Satya Nadella wrote in a memo included with the presentation."Our priority is to maintain growth above the market rate to extend our lead over GCP and close the gap with AWS." AWS has lagged behind Microsoft and Google as the major cloud providers ramp up their AI efforts, and Microsoft could end up catching up to AWS by carrying more AI workloads in the cloud. Since 2019, Microsoft has invested billions of dollars into OpenAI, the maker of. On its third-quarter earnings call in April, Microsoft told investors that AI revenue added one percentage point to Azure's growth rate.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Microsoft CEO Nadella tells a judge his planned Activision takeover is good for gamingMicrosoft CEO Satya Nadella is due in court Wednesday to defend the company's proposed $69 billion takeover of video game maker Activision Blizzard against an attempt by federal regulators to block the deal.
Les mer »
Why Snapchat influencers are posting hundreds of stories per dayInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Les mer »
Was Bud Light's promo a 'mistake'? CEO dodges question.Would Bud Light do it all over again? Anheuser-Busch's US CEO wouldn't directly answer whether he thought the promo with a transgender influencer was a 'mistake.'
Les mer »
How men are using AI to land datesInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Les mer »
Student tracking Musk's jet says other accounts not bannedThe college student who tracks Elon Musk's jet and was banned says other flight-tracking accounts haven't received the same treatment
Les mer »
What is the price range, cost of a Tesla?Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Les mer »