Microsoft is expected to report continued strength in its cloud business Wednesday, powered by growing corporate demand for artificial intelligence, as the human and financial toll of its rapid AI transformation becomes more clear.

By Aditya Soni (Reuters) -Microsoft investors head into Wednesday's earnings with one big question: is the company's artificial intelligence edge at risk as partner OpenAI turns to rivals Google, Oracle and CoreWeave for cloud services?

Microsoft researchers found that translators had much overlap with AI chatbots, while dredge operators had among the least.

For the quarter, Wall Street is anticipating Microsoft to report adjusted earnings per share (EPS) of $3.37 on revenue of $73.89 billion, according to Bloomberg analyst consensus estimates. The company saw adj. EPS of $2.95 and revenue of $64.72 billion in the same period last year.

Researchers at Microsoft have tried to figure out which jobs are most and least likely to be replaced by generative AI.

Artificial intelligence has suddenly made it cheaper and easier for companies to switch to new software providers, IT executives say. Now large AI providers such as Amazon, Microsoft, Salesforce and Palantir are scrambling to win over each other’s customers,

Microsoft Corporation (NASDAQ:MSFT) is one of the Trending AI Stocks on Wall Street. On July 25, Wedbush reiterated the stock as “Outperform” with a $600 price target. The firm said it is bullish on the stock heading into Microsoft earnings on July 30,

Microsoft is reportedly in advanced talks with OpenAI for a new agreement that would give it ongoing access to the startup’s technology even if OpenAI achieves what it defines as AGI, or advanced general intelligence.