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Microsoft reorganises into two divisions, will disclose quarterly Azure revenue

Microsoft will disclose quarterly revenue for its Azure cloud business for the first time, alongside a reporting overhaul that reduces its business units from three to two. The change will allow investors to compare Azure performance more directly with Amazon Web Services and Google Cloud. Under the new standard, Azure revenue for the quarter ended in June was $29.42 billion, up 42 percent year on year, and about 33 percent of total Microsoft revenue.

AI & Enterprise

MindLogic selected as AI Oni-eum service provider to support 120,000 high school students

AI startup MindLogic has been selected as a provider of AI services for the Education Ministry and Korea Student Aid Foundation’s 2026 AI Oni-eum project, it said on Wednesday. The programme aims to narrow gaps in students’ AI experience and capability stemming from economic and regional conditions. It will provide generative AI services and education programmes to 120,000 high school students in vulnerable groups and in rural and fishing communities.

Finance

U.S. Pentagon AI deputy who led Anthropic exclusion sells Perplexity and xAI stakes

Emil Michael, the U.S. Defense Department’s deputy undersecretary for research and engineering and chief technology officer, sold a stake in AI search startup Perplexity in June for $5 million to $25 million, according to reports citing disclosures. The sales followed earlier disposals of xAI and Brex stakes. The timing has drawn scrutiny because Michael played a key public role in the Pentagon process targeting Anthropic, while Perplexity and xAI compete for U.S. government AI contracts.