'Microsoft Puts A Steep Price On Copilot, Its AI-Powered Future Of Office Documents / Microsoft 365 Businesses Will Have To Pay $30 Per User Per Month Extra To Get Access To Copilot.' - The Verge; Shares Move Higher
Portfolio Pulse from Happy Mohamed
Microsoft has announced a $30 per user per month price for its AI-powered Microsoft 365 Copilot service, nearly doubling the cost for businesses subscribed to Microsoft 365 E3. The steep price is due to Microsoft's investment in AI, including a partnership with OpenAI and the development of its own AI chips. The company is also launching Bing Chat Enterprise, a commercial version of Bing Chat with added data protection, at no additional cost. The news has led to a rise in Microsoft's share price.
July 18, 2023 | 3:32 pm
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POSITIVE IMPACT
Microsoft's announcement of the pricing for its AI-powered Microsoft 365 Copilot service and the launch of Bing Chat Enterprise could impact its stock positively in the short term, as reflected in the share price movement.
The announcement of the pricing for Microsoft's AI-powered service indicates the company's commitment to monetizing its AI investments, which could boost investor confidence. The launch of Bing Chat Enterprise, a value-added service at no extra cost, could also attract more businesses to Microsoft's suite of products, potentially driving up revenues and positively impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100