2/ Underneath our 1P experiences is a common platform, starting with Foundry, which is becoming an increasingly important driver of our growth:

· Foundry revenue more than tripled YoY
· Number of customers building with multiple models grew 5X YoY
· Revenue from open source models increased 10X YoY

We're also bringing Foundry and Fabric closer together, so customers can build agents right next to their data.

And with Microsoft IQ, we're making the rich enterprise context underneath Microsoft 365 + Foundry + Fabric available to agentic workloads.

Nearly 60K customers are accessing context across Microsoft IQ, up 25% QoQ.