The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
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Morris: Microsoft disclosed 45% of future Azure contracts are tied to OpenAI
“They revealed that they booked ten billion cash gain from the amount of cash OpenAI has on this balance sheet due to all these, like, huge fundraisings that they're doing. But they also said that 45% of their future Azure contracts were based on OpenAI.”
Kantrowitz: Microsoft and Nvidia committed up to $15B into Anthropic
“Microsoft and Nvidia this is according to your story, have committed to invest a total of up to fifteen billion in the company.”
Marcus: Microsoft launched Bing Chat despite negative India test feedback
“And then the other really disturbing thing is that apparently they tested in India and got, you know, customer service requests saying it's not ready for prime time. And it was, you know, still put out.”
Siegler: OpenAI no longer has an AGI clause with Microsoft
“OpenAI, as noted, no longer has the AGI clause with Microsoft, so they can sort of do whatever they want now, and just declare AGI here, here, or there, and it doesn't impact anything beyond public perception”
Microsoft Shifted CapEx to OpEx by Extending Data Center Leases
“In this quarter, they decided that they were going to basically change the way that they account for their data center leases. And so historically they've actually Considered them to be 15 years. And that basically meant that they were you know, taking on the …”
Siegler: Michael Burry Shorts Tech Over Server Depreciation Accounting
“Michael Burry you know, famously from Big Short has sort of talked about this as a reason why he's shorting a lot of these companies, because he believes that they're sort of doing funny money, funny math on, on a lot of these a lot of these schedules for Micr…”
Kantrowitz: Microsoft and Oracle Pipelines Heavily Depend on OpenAI Commitments
“Microsoft had four, has 49% Of its 62, six hundred twenty seven billion future backlog tied to OpenAI. Oracle is 54% of its five hundred and fifty three billion pipeline, depending on OpenAI alone.”
Kantrowitz: Microsoft Plans to Cancel Claude Code Licenses for Copilot CLI
“Microsoft, according to the verge, Starts canceling cloud code license licenses. Microsoft first started opening up access to cloud code in December. It was part of an effort to get product manager, project managers, designers, and other employees to experimen…”
Microsoft may sue OpenAI over Amazon investment, Reuters reports
“So there's reporting from Reuters that Microsoft may sue OpenAI over their fifty billion dollar investment from Amazon, and because it could violate the exclusive cloud agreement that they had they had set a number of years ago that, like, all OpenAI products …”
Luria: Roughly half of Microsoft's AI revenue comes from OpenAI
“Half of their AI revenue approximately which is again, a big piece of the Azure growth, which is the biggest piece of Microsoft's growth, is coming from OpenAI.”
Siegler: Microsoft's OpenAI contract restricts it from developing AGI independently
“Part of their original contract with, you know, the quote-unquote clause in it around AGI Was that Microsoft said that they would not you know, themselves go to work on, go after AGI and working on that.”
OpenAI is directly undercutting Microsoft's enterprise subscription deals
“OpenAI has been undercutting Microsoft in deals, selling their models, and undercutting their enterprise subscription deals.”
Bender says Microsoft abandoned net-zero carbon goals because of generative AI
“I would say that we've got Brad Smith at Microsoft giving up on the plans to become a net zero carbon since the beginning of Microsoft, and he said this ridiculous thing about we had a moonshot to get there, and turns out with generative AI, the moon is five t…”
Newton: Microsoft and OpenAI will stay partnered in 2025 despite tensions
“I mean, my, like, possibly contrarian take is, like, they just kind of muddle through. Like, that's kind of what I think that they're going to do. OpenAI needs Microsoft for the compute, the data centers, the, like, infrastructure of making AI. They're not goi…”
Gelsinger: Intel, AMD, and Nvidia will be AI's three big merchant providers
“There's going to be those that build their own, you know, and that's what you see Amazon, Microsoft, Google are doing. They're going to say, hey, I'm going to own this and do this myself. And then there's going to be the general providers in the marketplace, a…”
Kantrowitz: Microsoft has secured OpenAI IP rights through 2032
“And basically Microsoft has access to OpenAI's IP till 2032, and that is the state of the partnership today.”
Siegler: OpenAI owes Microsoft rev share even on AWS and Google
“While Microsoft no longer has to pay revenue share back to open AI still has to pay it to Microsoft and they have to pay it even when they're using AWS or potentially Google in the future.”
Siegler: OpenAI products must ship first on Azure under deal terms
“Microsoft remains open as primary cloud partner. And open AI products will ship first on Azure, unless Microsoft cannot and chooses not to support the necessary capabilities.”
Kantrowitz: Anthropic Is Giving Microsoft Mythos Only to Test, Not Resell
“Anthropic isn't giving Microsoft mythos to sell through Azure. It's giving Microsoft mythos to test.”
Morris: Microsoft on track for $140B CapEx this fiscal year
“Microsoft is on track to spend a hundred and forty billion this fiscal year, which their fiscal year is a bit weird. It runs from to June instead of to December. And that's pretty much with on track with what they spent in the last quarter of last year, which …”
Siegler: Microsoft lost its right of first refusal on OpenAI infrastructure deals
“Microsoft had a right of first refusal on all of those, and they no longer have that you know, per their new agreements. And so OpenAI is for you to sort of go out and play the field as it were.”
Kantrowitz: Microsoft owns OpenAI's intellectual property rights through at least 2030
“You also have Microsoft owning the rights to open AI's intellectual property at the time of IPO, right? It's going to go until 2030 or 20 32 in some areas.”
Kantrowitz: Microsoft retains access to OpenAI models post-AGI under new deal
“Under the new agreement, Microsoft will keep getting access to OpenAI's models after AGI is reached with appropriate safety guardrails.”
Roy: OpenAI Committed to $250B in Additional Azure Cloud Purchases
“The deal has open AI committing to purchase an additional two hundred fifty billion dollars worth of Azure cloud computing services.”
Kantrowitz: OpenAI Converted to PBC With Microsoft Owning 27%
“The artificial intelligence startup has turned its for-profit subsidiary into a public benefit corporation of which Microsoft will own 27%.”
Guthrie: Microsoft Fairwater Datacenters Feature Largest Contiguous GPU Blocks Globally
“You know, we recently, for example, announced our Fairwater data, you know, data center regions around the U S we have multiple Fairwaters. And you know, we did a blog post recently of one of our new sites in Wisconsin, and these are, you know, hundreds of meg…”
Guthrie: Microsoft was first worldwide to run GB200 clusters and datacenters
“And we were the first chip, the first one running first rack running the first cluster running the first data center running of any cloud or Neo cloud provider in the world.”
Microsoft's multi-agent orchestrator boosts diagnostic accuracy by 10% over single models
“This orchestrator, which under the hood uses four different models from the major providers, can actually improve the accuracy of each of the individual models and collectively all of them together by a very significant degree, about 10% or so.”
Marcus: Microsoft study suggests chatbot usage impairs human critical thinking
“Well, Microsoft did a study, in fact, suggesting that critical thinking was getting worse as a function of them.”
Suleyman: Newer models match GPT-3 performance at 100x inference efficiency
“I mean, there are folks who have trained models that perform as well as GPT-III that are a hundred times more inference efficient
that cost an order of magnitude less to train and yet they can still deliver the same predictive capability.”
Albergotti: Amazon will spend $100 billion on AI infrastructure in 2025
“Amazon is, is spending, you know, a hundred billion dollars this year on AI infrastructure, for instance, and Microsoft is not far behind that.”
Wang: Biden administration forced UAE to choose Microsoft over Huawei
“I think one of the best examples of this was in the past year, the Biden admin posed to the UAE, hey, which way are you going to go in terms of AI technology? You can either go into the sort of Huawei China stack, or you could go into the Microsoft United Stat…”
Kantrowitz: Microsoft Takes 20% Revenue Share Off Top of OpenAI's Earnings
“Microsoft's revenue share right off the top of that four billion is seven hundred million. So it looks like what they're making something like 20% of all open AI revenue.”
Microsoft loses leverage over OpenAI if the board ever declares AGI
“The clause in the open AI charger says that if the board, which is nonprofit and controls the company decides that we've built AGI, then Microsoft has no leverage over, over open AI anymore.”
Kantrowitz: Microsoft learned of Sam Altman's firing one minute before public announcement
“Microsoft was blindsided by OpenAI's ouster of CEO Sam Altman.
Ina Fried says its biggest partner
one that has invested billions in the company learned a minute before the rest of the world that Altman was out.”
Kantrowitz: Microsoft holds rights to all OpenAI intellectual property through 2032
“He has all their IP till 2032, so.”
Court texts show Microsoft CTO Kevin Scott offered to join OpenAI board
“This is from the court documents in a text thread. Where Kevin Scott is where all these folks, Kevin Scott, Satya, Sam are suggesting who should be on the OpenAI board in the future, and then Kevin Scott chimes in with this one. I can quit for six months and d…”
Kantrowitz: Pershing Square built a new stake in Microsoft in February
“Bill Ackman's taken a new stake in Microsoft to bet that the software giant's investments in AI aren't reflected in the company's slumping share prices. Ackman said that Pershing had started building the position in Microsoft in February after the company's sh…”
Kantrowitz: Microsoft Is Participating in Anthropic's Project Glasswing
“Microsoft's in this in this you know, Project Glass Wing. They're big investors in OpenAI.”
Morris: Microsoft Owns 27% of Restructured OpenAI
“Microsoft is going to put a few billion in we here, but you know, not too much more because obviously they already own 27% of the restructured company.”
Intrator: Google is building $50B in infrastructure while buying external capacity
“Google went out and just You know, released a press release where they're building fifty billion dollars worth of infrastructure while they're still buying from everyone else they can. Microsoft is building internally, and they're buying from lots of other pla…”
Siegler: Microsoft owns 27% of OpenAI but is no longer lead partner
“Microsoft owns 27% of the company, but they're not their main capital partner anymore.”
Kantrowitz: Alphabet has surpassed Microsoft in market cap at $3.59 trillion
“Google today surpassed Microsoft in market cap. I mean, they're still both doing great. 3.59 trillion or so to 3.5 trillion.”
Siegler: Microsoft officially holds a 27% equity stake in OpenAI
“So now we know Microsoft's stake officially right at 27% which is, yeah, long been sort of like guesstimated and everything.”
Kantrowitz: OpenAI's upcoming hardware product will be free of Microsoft influence
“They have a hardware product in the planning process, which, by the way, is going to be free of any influence from Microsoft, it seems, under this new deal.”
Kantrowitz: OpenAI signed a $38 billion compute deal with Amazon
“OpenAI signs thirty-eight billion dollar compute deal with Amazon, partnering with the cloud leader for the first time. OpenAI has signed this deal. It is the first contract with the leader in cloud infrastructure, and the latest sign that OpenAI is no longer …”
Kantrowitz: Oracle carries $82B in debt with 450% debt-to-equity ratio
“Oracle is already high, highly leveraged. The company has a long-term debt of about Long-term debt of about eighty two billion at the end of August, and its debt to eight equity ratio was about 450%. By contrast, Google parent Alphabet debt to equity ratio was…”