Microsoft Hails New OpenAI Chapter After Crushing Earnings, Azure at 40%

Microsoft closed its revised OpenAI partnership on a high note, with CEO Satya Nadella vowing to 'exploit' the non-exclusive deal through 2032 amid blockbuster fiscal Q3 earnings on April 29: $82.9B revenue (up 18% YoY), Azure growth near 40%, and AI run rate at $37B (+123% YoY). The saga ignited April 27 when the duo renegotiated terms, ending Azure exclusivity, capping OpenAI's revenue shares through 2030, and stabilizing shares after an initial 5% intraday drop from ~$423. Analysts see long-term upside via Microsoft's $135B stake and multi-model strategy, marking a mature evolution in AI leadership.