Microsoft on Wednesday reported $70.1 billion in revenue for the March quarter, up 13%, with earnings of $3.46/share, topping Wall Street’s expectations by both measures. Analysts expected revenue of $68.4 billion and earnings of $3.22 per share.

The company topped revenue expectations on strong Azure cloud-computing growth, reassuring investors that its hefty AI investments were paying off.

Microsoft reported its Q3 earnings on Wednesday, blowing analysts' estimates out of the water with massive revenue and earnings per share.

Microsoft says AI now writes up to 30% of its code, while Meta predicts AI will handle half of Llama development within a year.

Microsoft and Google, say AI is writing more of their code — and Mark Zuckerberg predicts AI could handle half of Meta's dev work within a year.

Microsoft CEO Satya Nadella made the comments during a conversation with Meta CEO Mark Zuckerberg. Meta says it aims to get half its code written by AI by the end of 2026.