Microsoft is considered a leader in the software industry’s adoption of AI technology due to its significant investment in OpenAI, the creator of ChatGPT. The tech company invested $10 billion in OpenAI this year and would reportedly take 75% of the AI company’s profits.
Microsoft has integrated OpenAI tools into its Bing search engine and Windows operating system. The company recently introduced several AI upgrades to its Azure cloud services and Bing.
Microsoft Corp. shares closed at a new record high of $348.10 on Thursday, buoyed by market optimism about the prospects of AI. The tech giant’s market capitalization has reached a record $2.59 trillion.
Comments