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Here are just a few examples of how we are already doing this: As a company, we believe we can be the democratizing force for this new generation of technology and the opportunity it will help unlock for every country, community, and individual, while mitigating its risks. Today, we are doing so once again, as we lead this new era.Īmid this transformation, our mission to empower every person and every organization on the planet to achieve more remains constant. Forty-eight years after its founding, Microsoft remains a consequential company because time and time again-from PC/Server, to Web/Internet, to Cloud/Mobile-we have adapted to technological paradigm shifts. This next generation of AI will reshape every software category and every business, including our own.

At the same time, we have entered a new age of AI that will fundamentally transform productivity for every individual, organization, and industry on earth, and help us address some of our most pressing challenges.

As I write this, the world faces ongoing economic, social, and geopolitical volatility. We are living through a time of historic challenge and opportunity. Dear shareholders, colleagues, customers, and partners:

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