Money
Zitron claims OpenAI drove most of Microsoft Intelligent Cloud growth in 2025
Tom Bilyeu Impact Theory
Wall Street Analysts Are Comparing This To Enron — We Had To React
What was said
"In calendar year 2025, according to my own reporting about OpenAI's numbers, 69% of the yearover-year growth of Microsoft intelligent cloud segment was actually from OpenAI. Without that, it would have only grown 8% year-over-year, which is barely beating inflation."
Ed Zitron claims that, based on his reporting on OpenAI’s finances, OpenAI accounted for 69% of the year-on-year growth in Microsoft’s Intelligent Cloud segment in 2025, and that excluding OpenAI the segment would have grown 8%. He frames this as evidence that parts of the AI revenue story are more dependent on a single counterparty than widely understood.
Verification status
Attributed speaker claim
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
Source and context
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
- Programme
- Tom Bilyeu Impact Theory
- Episode
- Wall Street Analysts Are Comparing This To Enron — We Had To React
- Clip time
- 2:28
- Original source
- Watch the source segment →
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Tom Bilyeu Impact Theory