AI Collaboration With Microsoft Takes VCI Global Stock Sky High - What's Going On?

VCI Global Limited  VCIG shares are trading higher after the company inked a pact with the Microsoft Corporation's MSFT Azure Open AI platform to revolutionize the tech landscape and boost its AI consulting capabilities.

Under the partnership, VCI Global plans to be at the forefront while making inroads into tools like Generative Pre-trained Transformer 4, more commonly referred to as GPT-4, and Microsoft's new AI-powered chat tool, Bing Chat Enterprise.

VCIG can also capitalize on Microsoft Azure OpenAI's cutting-edge AI technology for its current and new projects, including the robosale software.

Also Read: VCI Global Inks Partnership & Licensing Agreement With AdScale For AI-Powered Marketing Tools

"This partnership will accelerate our growth in the AI industry, further strengthening our capabilities to transform the businesses of our clients," said Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.

Price Action: VCIG shares are trading higher by 39.2% to $5.22 in the premarket on the last check Wednesday.