As training costs soar, Microsoft is betting its latest chip on running models efficiently, not teaching them. JASON REDMOND/AFP via Getty Images

Microsoft this week (Jan. 26) unveiled its latest in-house A.I. chip, Maia 200, calling it “the most efficient inference system” the company has ever built. Microsoft claims the chip outperforms rival Big Tech processors such as Amazon’s Trainium 3 and Google’s TPU v7 on key benchmarks, while delivering 30 percent better performance per dollar than its existing Azure hardware fleet.

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Maia 200 is a custom application-specific integrated circuit (ASIC) designed primarily for A.I.........

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