Microsoft(US:MSFT) 小熊跑的快·2025-07-31 04:37Core Insights - The article highlights Microsoft's advancements in liquid cooling technology and AI applications, emphasizing the company's significant capital expenditure increase and its competitive edge in data center capacity [1][2][3]. Group 1: Liquid Cooling Technology - Microsoft is fully advancing liquid cooling across all its data centers, which is expected to compel other companies to adopt similar technologies [4]. - All Azure regions are now equipped to support liquid cooling, enhancing the flexibility and efficiency of Microsoft's data center fleet [2]. Group 2: Data Center Capacity - Over the past 12 months, Microsoft has added more than 2 gigawatts of new data center capacity, outpacing competitors in scaling its infrastructure [3]. Group 3: AI Applications - Microsoft's M365 commercial cloud business revenue exceeded expectations, with a fixed exchange rate growth of 18% and 16%, driven by the E5 and M365 Copilot products [5]. - The consumer cloud revenue for M365 grew by 20%, supported by an increase in average revenue per user (ARPU) following a price hike and an 8% user growth [5]. - The Copilot application family has surpassed 100 million monthly active users, indicating strong penetration within the market [5]. - Microsoft’s AI features have over 800 million monthly active users across its products, showcasing the widespread adoption of its AI capabilities [5].