**Microsoft Introduces Microsoft 365 Copilot with Corporate AI Tools**
Microsoft Corp. has announced the release of its new corporate artificial intelligence (AI) tools, called Microsoft 365 Copilot, which will work in conjunction with Office software. The company has stated that the tools will be available at an additional cost of $30 per user per month on top of existing subscription plans for business customers.
**Testing Microsoft 365 Copilot with Prominent Companies**
Microsoft has been testing Microsoft 365 Copilot with approximately 600 customers, including General Motors and Goodyear. The software utilizes both internet data and internal company information to enhance productivity and decision-making processes. However, Microsoft has not provided a specific release date for Copilot, which relies on technology from AI startup OpenAI.
**Pricing Reflects High Demand for AI Products**
The pricing announced at Microsoft’s partners conference is a reflection of the strong demand for corporate AI products and the costs associated with their development and operation. Scott Guthrie, Microsoft’s cloud and AI Chief, revealed that CEOs have been requesting access to such tools, demonstrating the urgency and interest surrounding this technology. Microsoft’s CFO, Amy Hood, has also predicted that their new AI products will reach $10 billion in revenue at a rapid pace. However, the development and utilization of AI services require substantial investments in computer chips and cloud-computing power.
**Positive Market Reaction**
Following the announcement, Microsoft’s stock experienced a 3.8% increase, reaching a record intraday high of $358.95 in New York. This positive market response further highlights the potential value and growth prospects associated with the introduction of Microsoft 365 Copilot and other AI offerings.
**Microsoft’s Bing Search Engine for Corporate Customers**
In addition to Microsoft 365 Copilot, the company also unveiled a more confidential version of Bing search engine chat tailored for corporate customers. This feature is included in various Microsoft 365 for business plans and will also be available as a stand-alone subscription for other users at a rate of $5 per user per month. The enterprise version of Bing search engine chat prioritizes the protection of sensitive corporate data, enabling employees to input confidential information securely.
**Visual Search Features in Bing Chat**
Moreover, Microsoft is introducing previously announced visual search features in Bing Chat. This functionality allows users to upload images and ask questions related to them or search for pertinent information. By integrating visual search capabilities within Bing Chat, Microsoft aims to enhance user experiences and provide more comprehensive search results.
In conclusion, Microsoft’s introduction of Microsoft 365 Copilot with corporate AI tools demonstrates the company’s commitment to meeting customer demands and transforming business operations. The pricing strategy reflects the substantial investments required in AI technology, while the positive market reaction signals the potential for significant growth. With the addition of more confidential Bing search engine chat and visual search features, Microsoft continues to enhance its suite of tools for corporate customers, further solidifying its position as a leading provider of AI solutions.
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