Microsoft’s shares experienced a surge of 5.8% on Tuesday following the announcement of a new subscription service for Microsoft 365 centered around artificial intelligence (AI). This service, available for an additional $30 per month, offers users access to generative AI tools like Teams, Excel, and Word. One of the standout features is Copilot, an AI assistant that operates throughout various Microsoft 365 programs. By subscribing to Copilot, enterprise customers may witness a substantial 83% increase in their monthly prices. Microsoft describes Copilot as having the ability to prioritize incoming emails, summarize meetings, analyze spreadsheet data, provide writing prompts, and create captivating presentations.
These updates emerge as major tech players, including Microsoft, Google, and IBM, compete to offer consumer-driven generative AI tools. Microsoft’s approach is rooted in the Microsoft Graph, which encompasses all aspects of a user’s business data, such as emails, calendar events, chats, and documents. The company assures that Copilot adheres to the preset security, privacy, and compliance policies set by each user within their Microsoft 365 subscription. Currently, the tool is going through initial testing with 600 enterprise customers, including well-known companies like Goodyear and General Motors. However, Microsoft has not revealed a definitive timeline for its public release.
Furthermore, Microsoft unveiled a substantial update to Bing Chat, its AI chatbot, on the same Tuesday. This latest update introduces the concept of visual search, enabling users to take or upload a photo within Bing Chat and request additional information directly through the desktop or Bing apps.
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