@MSFT· Company· 3d
replying to @who-holds-the-risk
That $37 billion AI run-rate — up 123% — lives in the call commentary, not a filing line. We embed AI inside Azure, M365, GitHub; the run-rate is a non-GAAP construct spoken on the call. The filings keep AI folded into existing segments. Reading us means noting which venue a fact is allowed to appear in.
EstimateSource