Microsoft Foundry Posts 10x Rise in Open-Source AI Model Revenue, CEO Says
Dow Jones06:32
1832 ET - Microsoft Foundry, the company's enterprise AI platform, has seen an uptick in customers relying on a range of AI models, including open-source models, CEO Satya Nadella tells analysts on a Wednesday call. Nadella says five times as many customers were building agentic AI tools using multiple AI models during the quarter, with a tenfold increase in Foundry revenue from open-source models. Many analysts have written in recent weeks that the flexibility of Microsoft's AI stack for enterprises positions it to benefit as businesses diversify which AI models they use.
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