Microsoft Corp. MSFT is set to kick off its annual Build developer conference this week, where the company will highlight its AI initiatives and new product launches.
What Happened: The Build conference, scheduled for May 20-22, will serve as a platform for Microsoft to showcase its AI efforts across the PC and Windows segments. The company is expected to further integrate its AI tool, Copilot, with products like Excel, Teams, and Word.
Microsoft will also unveil new Surface products and Windows features, with a focus on driving subscriptions and enhancing integration within its consumer base.
The conference will also concentrate on Microsoft’s AI enterprise initiatives, particularly Azure, which is expected to play a pivotal role in the AI revolution.
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"Our partner checks have been incrementally strong around Copilot deployments with MSFT customers and ultimately we estimate this could add another $25 billion-$30 billion to Redmond’s top-line by FY25," Wedbush said in a note seen by Benzinga.
Why It Matters: Microsoft’s AI and cloud computing performance has been praised by industry experts, with CEO Satya Nadella being likened to a “grandmaster chess player.”
The company’s Azure cloud platform has experienced significant growth in the AI sector, with the current state of AI being described as a “1995 Moment.”
Earlier this month, Microsoft announced a €4 billion investment to enhance its Cloud and AI infrastructure across France. This investment aligns with the French government’s “Choose France” summit, which aims to position France as a leading financial hub in the European Union.
Despite being Microsoft’s top investor, OpenAI recently launched its ChatGPT app for Apple Macs ahead of Windows, sparking discussions about the future of AI in the industry.
Price Action: Microsoft's shares were trading 0.24% up in premarket trading on Monday, after closing at $420.21 on Friday, according to Benzinga Pro.
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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
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