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Microsoft says OpenAI is driving 45% of the backlog for Azure cloud computing
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Jason Redmond/AFP via Getty ImagesMicrosoft shares slid after hours, despite the company beating earnings expectations for its Q2.
Wall Street also seems worried about how much the Azure backlog is based on OpenAI.
Microsoft is facing capacity constraints, and OpenAI is driving a large portion of the backlog in its cloud computing business.
Wednesday’s earnings mark the first quarter since OpenAI completed its restructuring, which included a new agreement with Microsoft, the startup’s largest investor.
It’s allowed us to remain a leader in terms of what we’re building and being on the cutting edge of app innovation.”Read the original article on Business InsiderThe post Microsoft says OpenAI is driving 45% of the backlog for Azure cloud computing appeared first on Business Insider.