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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