Microsoft Is on Track to Hit a Major Milestone, the ‘Fastest Business in Our History,’ According to Its CEO

AI is an expensive business, costing upwards of $100 million simply to train a new model.

At Microsoft, though, a multi-billion dollar investment in AI appears to be paying off: CEO Satya Nadella said on a quarterly earnings call on Wednesday that Microsoft’s AI business “is on track to surpass an annual revenue run rate of $10 billion next quarter” and become “the fastest business in our history to reach this milestone.”

The annual revenue run rate projects revenue over a period of time based on previous revenue.

Related: Will It Take Nuclear Power to Sustain AI? Microsoft Is Betting on It.

Microsoft has invested about $14 billion into OpenAI, the company behind

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