this post was submitted on 30 Jan 2026
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328
Microsoft’s $440 billion wipeout, and investors angry about OpenAI’s debt, explained (fortune.com)
submitted 13 hours ago by themachinestops@lemmy.dbzer0.com to c/technology@lemmy.world
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The immediate catalyst, it seems, is an intensifying focus on capex, or capital expenditures. Microsoft revealed that its spending surged 66% to $37.5 billion in the latest quarter, even as growth in its Azure cloud business cooled slightly. Even more concerning to analysts, however, was a new disclosure that approximately 45% of the company’s $625 billion in remaining performance obligations (RPO)—a key measure of future cloud contracts—is tied directly to OpenAI, the company revealed after reporting earnings Wednesday afternoon. (Microsoft is both a major investor in and a provider of cloud-computing services to OpenAI.)

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[–] anakin78z@lemmy.world 49 points 9 hours ago (3 children)

"market reaction suggests that more capital isn’t going to be a viable substitute for a business model anymore."

Time to find the next vague thing that investors can pour trillions into without really knowing what it is or does.

[–] Pringles@sopuli.xyz 14 points 4 hours ago

It'll be quantum computing. Since the last hype around it, a lot of progress has been made to the point that quantum computers are actually becoming useful, since error correction is now mostly resolved.

[–] mrnobody@reddthat.com 4 points 5 hours ago

Don't forget, though, it does that one thing for that one reason I forgot already as I typed it... But its still good, clearly!

[–] purrtastic@lemmy.nz 1 points 4 hours ago (1 children)

Robotics. It will be a pivot to robotics.

[–] elucubra@sopuli.xyz 2 points 2 hours ago

Which will create a labor boom, to operate the robots, a la Tesla