Microsoft recently announced free Azure AI infrastructure to select Y Combinator startups and M12 portfolio companies, aiming to expand the program to other accelerators and startups. This move is expected to provide insights into the infrastructure needs of early-stage AI companies. Microsoft's Intelligent Cloud revenue, which includes Azure and other cloud services, was $24.6 billion, up 19% for the quarter ending Sept. 30, 2023, compared to the same quarter a year ago.
Key takeaways:
- Microsoft is the biggest investor in the biggest generative AI company in the world, OpenAI, with a total commitment of $13 billion.
- Microsoft's venture fund, M12, has also invested in other AI companies such as Inflection AI, Adept AI, and Builder.ai in 2023.
- Microsoft's CFO, Amy Hood, has stated that partnerships with OpenAI and others in the AI sector would add $10 billion in revenue to Microsoft.
- Microsoft recently announced free Azure AI infrastructure to select Y Combinator startups and M12 portfolio companies, with plans to expand the program to other accelerators and startups.