Microsoft CEO Satya Nadella speaks on the firm’s Ignite Highlight occasion in Seoul on Nov. 15, 2022. Nadella gave a keynote speech at an occasion hosted by the corporate’s Korean unit.
SeongJoon Cho | Bloomberg | Getty Photographs
Microsoft shares closed at a document on Tuesday after the corporate introduced pricing for its new Microsoft 365 synthetic intelligence subscription service.
The inventory jumped 4% closing at $359.49. It is now up about 50% for the 12 months. The prior document got here on June 15, when the inventory closed at $348.10.
Microsoft’s Copilot subscription service provides AI to the corporate’s well-liked Workplace merchandise like Phrase, Excel and Groups. It is going to value an extra $30 per thirty days and will improve month-to-month costs for enterprise prospects by as a lot as 83%, bringing in extra income by way of recurring subscriptions.
The announcement reveals how Microsoft is continuous to construct on its suite of Workplace software program, making it extra engaging for companies which can be searching for so as to add AI into their workflows. Microsoft has been pouring cash into generative synthetic intelligence, largely by way of a multibillion-dollar funding in OpenAI, the creator of ChatGPT.
Microsoft Copilot, first introduced in March, can design shows, supply writing prompts, summarize conferences and rank incoming emails. It is already being examined by 600 prospects like Goodyear and Common Motors, though Microsoft hasn’t stated when it is going to be accessible to the broader public.
— CNBC’s Hayden Discipline contributed to this report.
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