Microsoft is developing cutting-edge AI chips to 'close the gap' with AWS, internal documents show
. Microsoft considers chip-development one of its"needle-moving priorities," an initiative expected to generate $10 billion of new revenue by 2030.
Chip development is part of Microsoft's plan to add $10 billion in revenue to its data and AI businesses over the next three years, for a total of $26 billion, and more broadly, contribute to the company's goal to reach $500 billion in total revenue by 2030. Microsoft's revenue for 2022 was $198.3 billion, up from $161.1 billion the year prior.
"We're currently a strong number two player in the public cloud space," Microsoft chairman and CEO Satya Nadella wrote in a memo included with the presentation."Our priority is to maintain growth above the market rate to extend our lead over GCP and close the gap with AWS." AWS has lagged behind Microsoft and Google as the major cloud providers ramp up their AI efforts, and Microsoft could end up catching up to AWS by carrying more AI workloads in the cloud. Since 2019, Microsoft has invested billions of dollars into OpenAI, the maker of. On its third-quarter earnings call in April, Microsoft told investors that AI revenue added one percentage point to Azure's growth rate.
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