Microsoft Azure & OpenAI Rivalry: Microsoft Debuts Advanced Databricks Amidst AI Market Shake-Up
Portfolio Pulse from Anusuya Lahiri
Microsoft Corp is set to sell a new version of Databricks software, which aids in the creation of AI apps for businesses, through its Azure cloud-server unit. This move comes amidst a shake-up in the AI market, with Databricks offering an alternative to licensing OpenAI's proprietary models. Microsoft has also revealed plans to increase charges for new AI features in its Microsoft 365 service by 53% - 83%. Meanwhile, OpenAI has acquired the team at Global Illumination.
August 18, 2023 | 11:39 am
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Microsoft's new Databricks software and increased charges for AI features in Microsoft 365 could potentially boost revenue. However, the company's shares traded lower by 1.17% in premarket trading.
Microsoft's introduction of new Databricks software and increased charges for AI features in Microsoft 365 could potentially increase the company's revenue. However, the market's initial reaction was negative, with shares trading lower by 1.17% in premarket trading. The long-term impact will depend on the market's acceptance of the new software and pricing.
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