Earlier this year there were a lot of questions over the $100 billion investment into The Stargate Project, and Microsoft CEO Satya Nadella was quick to defend the software giant’s investment in cloud and AI data center projects. Microsoft posted its Q4 2025 fiscal earnings yesterday, revealing that Azure surpassed $75 billion in revenue over the year. Microsoft is also spending $30 billion on its AI infrastructure investments next quarter, which totals $120 billion over a year if it keeps that spending up.
Tom Warren

Senior Editor
Senior Editor
Tom Warren is a Senior Editor and author of Notepad. Tom previously founded WinRumors, a site dedicated to Microsoft news, before joining The Verge. Tom also used to work as an enterprise project manager in a variety of investment banks, and has a background in IT and Windows engineering. Tom has appeared on CNN, CNN International, BBC News, Channel 4, MSNBC, TWiT, and many others over the years. You can reach Tom confidentially on Signal here.
More From Tom Warren














Microsoft rarely does limited editions of its Surface products, but it has quietly launched a “Smurface Edition” in time for the Smurfs movie. I was expecting it to be a totally blue design, but instead Microsoft has laser-etched the Smurfs to the front, alongside a blue Surface logo. Other than that, it’s a 13-inch Surface Laptop 7 with Qualcomm’s Snapdragon X Plus, 16GB of RAM, and 512GB of storage for $999.99. Only 100 units are available, exclusively at Amazon.