Nadella frames Microsoft's current strategy around Azure and the building of what he calls token factories.

Satya Nadella · All-In Podcast · Satya Nadella on AI’s Business Revolution: What Happens to SaaS, OpenAI, and Microsoft?

“when I look at what is Microsoft's uh strategy today one is we want to build token factories right so our biggest business today is Azure business and the Azure business the TAM given what's going to happen is is so huge that we now need to be fantastic uh at building these token factories”

Educational summary of a public statement. Not investment advice.