SYDNEY, AUSTRALIA - APRIL 23: Chairman and CEO of Microsoft Satya Nadella speaks on stage during the Microsoft AI Tour at TikTok Entertainment Centre on April 23, 2026 in Sydney, Australia. Nadella, making his first visit to Australia since 2019, addressed business leaders, developers, and government representatives at the Microsoft AI Tour in Sydney on April 23, outlining a vision for Australia to become a critical hub for AI innovation rather than simply a consumer market for Microsoft's products. (Photo by George Chan/Getty Images)

SYDNEY, AUSTRALIA - APRIL 23: Chairman and CEO of Microsoft Satya Nadella speaks on stage during the Microsoft AI Tour at TikTok Entertainment Centre on April 23, 2026 in Sydney, Australia. Nadella, making his first visit to Australia since 2019, addressed business leaders, developers, and government representatives at the Microsoft AI Tour in Sydney on April 23, outlining a vision for Australia to become a critical hub for AI innovation rather than simply a consumer market for Microsoft's products. (Photo by George Chan/Getty Images)

SYDNEY, AUSTRALIA - APRIL 23: Chairman and CEO of Microsoft Satya Nadella speaks on stage during the Microsoft AI Tour at TikTok Entertainment Centre on April 23, 2026 in Sydney, Australia. Nadella, making his first visit to Australia since 2019, addressed business leaders, developers, and government representatives at the Microsoft AI Tour in Sydney on April 23, outlining a vision for Australia to become a critical hub for AI innovation rather than simply a consumer market for Microsoft's products. (Photo by George Chan/Getty Images)

SYDNEY, AUSTRALIA - APRIL 23: Chairman and CEO of Microsoft Satya Nadella speaks on stage during the Microsoft AI Tour at TikTok Entertainment Centre on April 23, 2026 in Sydney, Australia. Nadella, making his first visit to Australia since 2019, addressed business leaders, developers, and government representatives at the Microsoft AI Tour in Sydney on April 23, outlining a vision for Australia to become a critical hub for AI innovation rather than simply a consumer market for Microsoft's products. (Photo by George Chan/Getty Images)

SYDNEY, AUSTRALIA - APRIL 23: Chairman and CEO of Microsoft Satya Nadella speaks on stage during the Microsoft AI Tour at TikTok Entertainment Centre on April 23, 2026 in Sydney, Australia. Nadella, making his first visit to Australia since 2019, addressed business leaders, developers, and government representatives at the Microsoft AI Tour in Sydney on April 23, outlining a vision for Australia to become a critical hub for AI innovation rather than simply a consumer market for Microsoft's products. (Photo by George Chan/Getty Images)

SYDNEY, AUSTRALIA - APRIL 23: Chairman and CEO of Microsoft Satya Nadella speaks on stage during the Microsoft AI Tour at TikTok Entertainment Centre on April 23, 2026 in Sydney, Australia. Nadella, making his first visit to Australia since 2019, addressed business leaders, developers, and government representatives at the Microsoft AI Tour in Sydney on April 23, outlining a vision for Australia to become a critical hub for AI innovation rather than simply a consumer market for Microsoft's products. (Photo by George Chan/Getty Images)

A Lufthansa aircraft rolls on a bridge over a highway at the airport in Frankfurt, Germany, Wednesday, April 22, 2026. (AP Photo/Michael Probst)

Specialist Meric Greenbaum works on the floor of the New York Stock Exchange, Wednesday, April 22, 2026. (AP Photo/Richard Drew)