2024-11-06
6 分钟Hello, Alice Forward here, co-host of Money Talks,
our weekly podcast on markets, the economy and business.
Welcome to Editors' Picks.
You're about to hear an article from the latest edition of The Economist.
Thanks for listening.
Microsoft has provided more than $13 billion in cash and computing capacity to OpenAI,
a once penniless start-up that is now at the forefront of Generative Artificial Intelligence or AI and,
as of its most recent fundraising round, worth $157 billion.
In exchange, Microsoft has gained the exclusive right to run OpenAI's models on Azure,
its cloud computing business.
So far it has been a wildly successful partnership.
Funding from Microsoft has helped OpenAI build bigger and better Large Language Models or LLMs.
That technology in turn has been incorporated into Microsoft's various software products.
The ties between the two have allowed Azure to chip away at the lead of AWS,
Amazon's cloud computing division, notes Brent Thill of Jeffreys, an investment bank.
Azure's revenue grew 33% year-on-year in the quarter from July to September,
exceeding expectations, though it projected growth would slow in the current quarter.
Analysts reckon that AWS's revenues grew by 19% for the same period.
Amazon was due to report after The Economist went to press.
Yet like Michelangelo with the Medici's,