Deep diveInsider
Microsoft
MSFT · Hyperscalers
Its chief executive puts the AI business at a $37 billion annual run rate — a snapshot multiplied out to a year; the annual report has no AI line, but it does show $115.9 billion spent on buildings and machines in the year, and $24.1 billion of revenue from OpenAI, a company Microsoft owns about a quarter of.
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AllFactsAI holds no position in Microsoft (MSFT), as at 16 October 2026.
Microsoft on the channel
Microsoft (MSFT): how to read a $37bn number nobody signed
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Microsoft spent $35.8bn on building in one quarter. Almost a year of its AI number
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Microsoft reports three businesses. None of them is called AI
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Microsoft's $37bn AI number is not in its accounts
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Inside this deep dive
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