The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← Satya Nadella

Capital · deployed

as CEO, directing a rising majority of operating cash into the AI buildout (capex ~$107B/yr, up from $64.6B FY25) plus ~$25B/yr dividend — corporate capital he steers, not personal capital

high confidence · as of 2026-07-26 · about Satya Nadella

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the working

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