April 29, 2024
Microsoft, the tech titan most closely associated with AI, has announced nearly $10 billion in investments in artificial intelligence abroad in recent months, the price it is willing to pay to remain a top player in this crucial market.
The overnight success of OpenAI’s ChatGPT thrust generative AI as Silicon Valley’s latest tech revolution, lifting Microsoft, OpenAI’s main backer, to become the world’s most valuable company.
Since then, the maker of Windows and its rival Google have been competing furiously, rolling out tools that produce text, images or lines of code on the basis of a simple query.
Meta and Amazon have followed suit, with their own increasingly sophisticated models and AI assistants.
The bets have so far paid off, with Microsoft on Thursday again posting stellar earnings, which the company attributes to delivering on AI’s promise.
Generative AI, which is being hyped as a new industrial revolution, “has taken on so much value, they can’t afford to lose,” said Jeremy Goldman, analyst at EMARKETER.
These big companies “have a war chest, and they feel they have to spend this money on AI, otherwise they’ll no longer have the warchest,” he added.
Source: Hürriyet Daily News
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
