India, Feb. 12 -- Good morning!

Opening thoughts. It seems Microsoft Corp. paid anywhere between $8 million and $10 million for a Super Bowl commercial, which tells us that Excel has AI powered by Copilot to help simplify your data. These ad rates are being reported as benchmarks for this iconic sporting event in the US - one that catches eyeballs worldwide (also because of the celebrities, perhaps less of understanding the sport itself), which is why I'm bucketing the spend within a range.

I wonder whether this advertisement will be listed under AI capex in Microsoft's next earnings report. Also, the next time Microsoft tells you they are firing some employees ("layoffs", in corporate speak) because of an AI pivot and operational effic...