Microsoft's share price closed at a record US$359.49 on Tuesday (7/18) after the company unveiled Microsoft 365 Copilot, an AI-powered version of its productivity platform. The announcement led to a nearly 4% increase in Microsoft's stock, reaching its highest value ever and pushing its market cap to US$2.67 trillion. The surge in stock price can be attributed to the excitement surrounding the AI-powered platform and its potential impact on productivity and efficiency. Furthermore, Microsoft 365 Copilot will be offered for US$30 a month for Microsoft 365 customers on different plans. This pricing announcement has generated further interest and anticipation for the platform. Overall, the stock has been performing well recently, with a peak of US$366.30 on Tuesday (7/18) and a substantial growth of 6% in the stocks the past month alone. Due to this, the company's market cap has reached new heights, reflecting investor confidence in Microsoft's ability to leverage artificial intelligence for growth and innovation. In addition to the bright prospects, the announcement of Microsoft 365 Copilot has also generated excitement in the tech industry, with many experts predicting that the platform will revolutionize productivity and collaboration. Expectations of the company have also risen due to the AI-powered platform featuring streamlined workflows, automating repetitive tasks, and providing personalized insights to users. As a result, Microsoft is well-positioned to capitalize on the growing demand for AI-powered solutions in the enterprise market.
Microsoft has been investing heavily in generative AI, particularly through its multibillion-dollar investment in OpenAI, the creator of ChatGPT. Recently, Microsoft exposed its latest AI-powered platform called Microsoft 365 Copilot. This platform utilizes AI to enhance the services and tools within Microsoft 365, making them more efficient and user-friendly. With Copilot, users can benefit from various features such as design presentations, writing prompts, meeting summaries, and ranking incoming emails. While Microsoft has received over 600 testimonies from customers, they have not yet announced when this platform will be available to the wider public. Copilot costs US$30 per user per month for Microsoft 365 E3, E5, Business Standard, and Business Premium customers. This pricing announcement aligns with Microsoft's ambitions to further integrate AI into its products and services. Microsoft's investment in OpenAI and the launch of Microsoft 365 Copilot demonstrate the company's dedication to advancing AI technology. The company has already incorporated OpenAI technologies such as GPT-3 and DALL-E into its products, and the Azure OpenAI Service gives Microsoft's cloud customers access to various OpenAI tools. Investing in OpenAI will accelerate breakthroughs in AI and help both companies commercialize advanced technologies. The launch of Copilot reflects Microsoft's commitment to leveraging AI to improve productivity and assist users in creating documents and other tasks within the Microsoft 365 suite.
Moreover, Microsoft has partnered with Meta to integrate ONNX Runtime with PyTorch, which will accelerate innovation in the era of AI and further solidify Microsoft's position as the world's supercomputing platform for AI. This collaboration empowers developers to harness the power of Azure AI's purpose-built supercomputing platform for building, training, and deploying demanding AI workloads. Azure AI Content Safety integration enhances protection for AI apps, adding a layered safety approach for Llama 2 model deployments on Azure AI. The expansion of the model catalog with Llama 2 models and the partnership with Meta signal Microsoft's ongoing dedication to fostering a responsible and open AI ecosystem, with a focus on collaboration, innovation, and safety. Microsoft's investment in OpenAI, including a US$10 billion investment in ChatGPT, is another example of the commitment to AI innovation. Microsoft has already incorporated OpenAI technologies into its products, such as DALL-E 2 in its Bing search engine, and is working to bring more AI tools to Microsoft Office. Microsoft's embrace of OpenAI puts renewed pressure on its rivals, particularly in the lucrative cloud computing sector, as the larger battle is to sell AI services to businesses. During the grand event of Microsoft's Build 2023, the company showcased developers' prowess in delivering AI-powered experiences across cloud and edge with Windows, featuring a captivating demo of the ONNX Runtime. By scaling Azure's supercomputing power to train large AI models for the world's leading research organizations and expanding tools and model catalogs, Microsoft is fostering a responsible and open AI ecosystem that benefits developers worldwide.
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