Microsoft announced new cost management updates in July 2024, designed to help businesses better understand and optimize their cloud spending. Key updates include support for the Parquet format and file compression in the Exports feature, potentially reducing file sizes by 40 to 70%. Pricing pages on Azure.com have been updated to provide the latest information on Azure AI Health and Phi-3 services. Pricing calculators for Azure AI Vision and Azure AI Language services have been updated, and new pricing has been added for Azure AI Speech and Azure AI Document Intelligence. The pricing experience for various other services has been enhanced, including Azure Synapse Analytics, Azure SQL Database, and Azure Migrate. Microsoft has also launched a quick survey to gather user feedback on cloud cost management challenges. These updates demonstrate Microsoft's continued commitment to improving cost management and empowering businesses to make the most of their cloud investments.