AI's Tidal Wave: Microsoft CEO Satya Nadella Draws Parallels Between AI And Internet Revolution
Portfolio Pulse from Rounak Jain
Microsoft CEO Satya Nadella has compared the potential impact of artificial intelligence (AI) on the company and the wider industry to that of the internet revolution. Microsoft has invested $13 billion in OpenAI, including a $10 billion investment in January 2021. Nadella believes that the partnership with OpenAI is working well, despite the hype and uncertainty surrounding AI.
August 17, 2023 | 3:24 pm
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Microsoft's heavy investment in AI and OpenAI indicates a strategic focus on AI, which could potentially have a significant impact on the company's future growth and stock price.
Microsoft's significant investment in AI and OpenAI indicates a strategic shift towards AI. This could potentially lead to new revenue streams and growth opportunities for the company, which could positively impact the stock price in the short term.
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