Microsoft Corp. has launched a new version of its Copilot assistant, called Team Copilot, to enhance workplace collaboration. This AI assistant is designed to help with meetings by taking notes, summarizing key points, and managing deadlines. It will be available to corporate customers later this year, as announced at Microsoft’s annual Build conference for developers.
Microsoft’s broader strategy includes integrating artificial intelligence across its product line. The company has invested around $13 billion in Open AI, the creator of ChatGPT, positioning itself as a leader in the generative AI sector. This investment has led to advanced AI capabilities being incorporated into Microsoft productivity tools under the Copilot brand, including a coding assistant and an AI-enhanced search engine on Windows.
At the conference, Microsoft also revealed progress in developing its own chips. The Cobalt blue 100 CPU, the company’s first proprietary processor, is now available in preview for Azure cloud service users. While not designed for high-level AI tasks, the Cobalt chip represents a significant step in Microsoft’s strategy to compete with major cloud providers by offering customized devices at lower costs.
In addition to the chip development, Microsoft’s Azure cloud service will integrate AMD’s MI300X AI chips, offering an alternative to Nvidia’s High demand H100 GPU. This move aims to enhance Microsoft’s cloud computing services and reduce dependence on third-party hardware.
Overall, Microsoft’s entry into this space is part of its efforts to improve its cloud computing services and diversify its hardware offerings. The company’s shares have seen a 33% increase in the last 12 months. Investors interested in gaining exposure to Microsoft can consider investing in the Technology Select Sector SPDR Fund (XLK) and iShares US Technology ETF (IYW).
As of the latest check on Tuesday, MSFT shares were trading up 1.18% at $430.34. This content was partially generated with the help of artificial intelligence tools and reviewed by Benzinga editors.
In conclusion, Microsoft’s introduction of Team Copilot and advancements in chip development illustrate the company’s commitment to enhancing collaboration and innovation in the workplace. By leveraging AI and developing proprietary hardware, Microsoft is positioning itself for continued growth and competitiveness in the technology sector.
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https://finance.yahoo.com/news/microsoft-launches-team-copilot-boost-204205492.html
