AI Costs

Inside Microsoft’s 10-Q: When AI Scale Starts to Pressure Cash and Flexibility

Microsoft’s earnings look strong. The 10-Q highlights a different constraint: accelerating AI and cloud investment is absorbing cash faster than flexibility returns.

Alphabet’s AI Risk Isn’t Revenue — It’s Cost Rigidity

Alphabet’s AI narrative is strong. The filing highlights a quieter structural risk: stock-based compensation and long-duration commitments that harden the cost base over multiple years.