BERNSTEIN：微软长期展望-2030 年后的 Azure AI-如何看待与 OpenAI 合作关系的影响

Global Software Microsoft Corp Rating Outperform Price Target MSFT 540.00 USD (520.00 OLD) 6 June 2025 Shelly Tang, CFA +1 917 344 8342 shelly.tang@bernsteinsg.com Microsoft Long View: Azure AI post 2030 — How to think about the impact of the OpenAI relationship? Normally we don't write very long term company specific pieces, but we felt that the questions we are receiving around the Microsoft/ Open AI relationship needs to be discussed. Microsoft recently posted in their Blog that "the key elements of our ...