Someone did the math. May want to rerun the IRR on that $5 trillion in capex stat...
Techmeme: Microsoft is moving Copilot Cowork to usage-based pricing and is considering a Microsoft-hosted version of DeepSeek as a cheaper option (@inafried / Axios)
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The author expresses skepticism regarding the return on investment for massive AI capital expenditures, highlighting Microsoft's reported shift to usage-based pricing for Copilot and its consideration of a cheaper DeepSeek alternative as signs that the initial capex math may be flawed.
The author implies skepticism regarding the return on investment (IRR) for Microsoft's massive AI capital expenditures, citing news that the company is shifting Copilot to usage-based pricing and considering a cheaper DeepSeek alternative. No external data to corroborate.
事件 Earnings (EPS est 4.3265) · 2026-07-28
关键要点
Questions the Internal Rate of Return (IRR) on massive AI capital expenditures.
Cites reports that Microsoft is moving Copilot Cowork to a usage-based pricing model.
Notes Microsoft is considering hosting a cheaper DeepSeek version, suggesting cost pressures or lower-than-expected ROI on existing expensive models.
