At Microsoft Build 2026, Satya Nadella once again showcased Microsoft's latest layout in AI. Several key points: 1. Cobalt 200 officially unveiled, self-developed chip continues to deepen into AI infrastructure 2. Surface RTX Spark Dev Box released, further lowering the threshold for developers to access AI 3. Windows AI API extends to more PCs, driving the development of end-to-end AI ecosystem 4. Launch Aion inference and planning model to enhance agent capabilities The newly added data center capacity in the past 18 months has exceeded the total capacity of Azure in the first 10 years 6. Release new quantum computing chips, aiming to achieve practical quantum computing by 2029 The market usually focuses more on Azure growth, Copilot commercialization, and the sustained release of enterprise AI demand. But what is more noteworthy about this Build is that Microsoft is becoming one of the most complete platform companies in the AI era. The chip has Cobalt, the system has Windows, the developer ecosystem has GitHub and VS Code, and the model has Aion, The infrastructure has Azure. Microsoft's presence can be seen in multiple key links of the AI industry chain, from low-level computing power to upper level application development.