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Microsoft is openly competing with OpenAI, Anthropic more than ever

CN
CitrixNews Staff
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Microsoft is openly competing with OpenAI, Anthropic more than ever

Microsoft is in a unique position as AI overtakes the tech industry. It’s one of the world’s largest cloud providers and software-as-a-service companies, while also holding valuable stakes in the two biggest AI labs, OpenAI and Anthropic.

Those incentives are starting to clash as Microsoft posts blockbuster financial results. The company just reported an extremely profitable quarter with $90 billion in revenue and net income of $35.8 billion. For the fiscal year, which ended June 30, Microsoft reported $331.8 billion in revenue with a net income of $133.7 billion for the year.

Originally reported by TechCrunch. Read the full story at the original source.