Matt Day

So it's not clear when customers are going to get their hands on this.

The first units are live today, Microsoft tells us, in data centers near Des Moines, Iowa.

More are coming to the Phoenix area.

But we don't have a date yet for what a wider rollout looks like or sort of crucially what availability looks like.

Is this going to be a global rollout?

Is this more of a kind of R&D step?

And future chips are going to sort of carry the mail for them.

So it's kind of yet to be seen how broad they take this one.

Investors are really banking on incredible growth.

Well, for Microsoft, it's really important.

They got a bit later jump than their biggest rivals, Amazon and Google, in building their own silicon.

They see this as an important way to reduce costs, to find another source of availability.

So this is going to be a really big test for their chips unit and for the cloud business.

Most people know that Amazon's cloud business is enormous, but this kind of shows us exactly how enormous, right?

Most cloud computing companies don't tell you exactly where their facilities are, and one thing they really don't talk about is where they rent space.

So these documents we reviewed, as you said, it's about a fifth of AWS's computing power as of last year was provided by co-location facilities.

These things are all over the world.

There's hundreds and hundreds of them.

Just another way to underline how much both they've grown during the AI boom and just how wide their lead is in cloud computing.

So there's a couple of reasons.