Welcome to the TechMeme Right Home for Thursday, July 31st, 2025. I'm Brian McCullough today. Microsoft and meta earnings suggest AI is paying off so far, at least for the big guys.

Has OpenAI revenues tripled so far in 2025? Deves are using AI more than ever, but that doesn't mean they trust it.

And at the end of the show, as promised, the huge podcast announcement.

Here's what you miss today in the world of tech.

Microsoft has become the second company ever to surpass $4 trillion in market cap joining

Nvidia, which had become the first.

I don't know if we mentioned that.

After Microsoft shares jumped after reporting better than expected earnings results.

Why? Well, AI, sort of, quoting CNBC, Microsoft reported 18% revenue growth, its fastest rate

of expansion in over three years, driven by its Azure cloud computing business.

Microsoft disclosed Azure revenue in dollars for the first time and said sales from Azure and other cloud services exceeded $75 billion in fiscal 2025, up 34% from the prior year.

Nvidia and Microsoft, two of the biggest beneficiaries of the artificial intelligence boom

have zoomed past Apple on the market cap leaderboard.

Apple is third at about $3.2 trillion, with its stock having fallen 17% this year as investors

worry that the iPhone maker is getting left behind an AI.

Apple reports quarterly results after the bell on Thursday. Among techs,

Nvidia has been the best performer in 2025 up 33%. The chipmaker's graphics processing units are the backbone

of the large language models being developed by Microsoft OpenAI, Google Meta, and others,

and they're filling up data centers being built by those OpenAI, Google Meta, and others, and they're filling up

data centers being built by those same companies, end quote.

I said sort of AI, because basically it was for Microsoft all about the Azure numbers, which

were up 39% versus the 34.75% that analysts had been estimating. So people are spending on Azure to do AI stuff a lot, I guess.

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