Microsoft President Makes Startling Revelations on Arrival of Advanced AI
Portfolio Pulse from Anusuya Lahiri
Microsoft Corp's President Brad Smith downplayed the possibility of developing super-intelligent AI within the next year. Despite the hype following OpenAI's ChatGPT release, Smith believes Artificial General Intelligence (AGI) is years, if not decades, away. He stressed the importance of safety in AI development. OpenAI, backed by Microsoft, aims to generate over $1 billion in revenue from AI software and computing capacity sales in the next year. Microsoft shares saw a slight decrease of 0.03% in premarket trading.
November 30, 2023 | 2:16 pm
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NEUTRAL IMPACT
Microsoft President Brad Smith's comments on AI may reassure investors about responsible development but also temper expectations for rapid advancements. OpenAI's revenue goals reflect Microsoft's AI investment potential.
Smith's comments on the timeline for AGI development could have a neutral impact as they may alleviate some investor concerns about the risks of AI but also moderate excitement about rapid innovation. The slight premarket dip in Microsoft's stock price suggests a minimal immediate market reaction. The revenue goals of OpenAI, which is backed by Microsoft, indicate a positive outlook for Microsoft's AI investments, but this is a longer-term consideration rather than an immediate impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80