Microsoft scales up AI play to construct on ChatGPT thrust – 7 minute timer

Microsoft scales up AI play to construct on ChatGPT thrust

WASHINGTON: After Microsoft posted blowout earnings in Jan, CEO Satya Nadela mentioned, “We’ve moved from talking about AI to applying AI at scale”.Microsoft is speedily integrating AI throughout the tech stack: From cloud computing platform Azure to chatbot ‘Copilot’ to Microsoft 365 apps like Phrase and Excel. And Wall Road is rewarding it. Get this: For the reason that launch of OpenAI’s ChatGPT on Nov 30, 2022, Microsoft has added practically $1.3 trillion to its market value-which is equal to Meta’s whole market cap.After chip maker Nvidia, Microsoft has been the most important beneficiary of the AI-fuelled inventory market rally. The Redmond-based behemoth not too long ago unseated Apple because the world’s most-valued firm, crossing the $3 trillion milestone. (see graphic)Microsoft’s inventory is rallying on the hope that the AI growth will translate right into a surge in income and revenue for its software program enterprise, using on its over $10 billion funding in OpenAI. Will the corporate keep this momentum? Analysts say Microsoft’s strategic partnership and funding in OpenAI means the tech main will maintain its lead within the AI revolution. “Our key partner in this is OpenAI. This is probably one of the more unique relationships in business and technology. They compete with us. There are times when we compete with them. Still, we’re working successfully together,” mentioned an organization govt. He likened the OpenAI association to these with Intel and SAP. “Whether it’s an Intel partnership that really kicked off the PC revolution and kept us together for a long time. Whether it’s the engagement we have with our big OEMs. Even with SAP, which has many of the same attributes from a partnering and competition standpoint, we compete with SAP, we partner with SAP,” mentioned the manager. Senior Microsoft management confused the corporate’s mission of ‘AI for all’ at a latest presentation for the media right here. “It’s not just that we’re making these advancements… and that’s funnelling into our products, but we are creating platforms so that other people can build with those technologies as well,” mentioned Microsoft VP Ashley Llorens, who can be an adviser to the US President on AI.Microsoft’s ‘inclusive tech lab’ has developed ‘Seeing AI’, a digital camera app that describes the world round for the visually impaired. “As someone who’s blind myself, AI has transformed my life,” Microsoft Seeing AI founder & lead Saqib Shaikh mentioned. “We’ve had the app available on iOS for a while. But bringing it to Android means that while we are chasing high-end capabilities and advanced technology, we also want to make sure that it’s available to the huge number of people around the world who could benefit,” he mentioned.”I would love that one day, I have an almost invisible wearable device that I can just put on in the morning and then have, a little friend on my shoulder, looking around, whispering in my ear… which understands us as humans, understands what’s around us and enables us all to do more and to level the playing field for everyone,” Shaikh added.On AI regulation, Microsoft’s chief ‘Accountable AI’ officer Natasha Crampton mentioned: “Regulations in the (AI) space need to focus on the outcomes that we need to achieve, the societal values that we need to uphold, and allow sufficient flexibility in how we achieve those goals- so focusing on the what and giving flexibility on the how.” The cloud phase, which incorporates Azure, generated 46% of Microsoft’s whole working earnings in 2023, up from about 27% in 2016. “More than half of Fortune 500 companies are using Azure AI,” John Montgomery, company VP, Azure AI, mentioned. India, in the meantime, can have its third ‘Microsoft Storage’ in Noida, which is slated to be operational by June. The Storage, a programme that promotes a tradition of experimentation and innovation, is purposeful in Bengaluru and Hyderabad.(The author was in Redmond on the invitation of Microsoft)

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