Perhaps the more interesting takeaway that’s (deliberately?) not clear from Microsoft’s commentary during the call is that the vast majority of their Foundry customers are still likely using a model from just one company instead of adopting the multi-model environment Microsoft wishes customers would adopt. Microsoft hasn’t disclosed their total number of Foundry customers during the call, but they did mention in the FY 1Q’26 call that Azure AI Foundry had 80k customers, which is ~80% of the Fortune 500. If only 10k customers used more than one model last quarter, that likely means ~90% of customers are still using just one model.