#When did microsoft acquire linkedin stock software#
Microsoft's guidance could see AMD use chips specifically tailored to its needs in the future, allowing it to get the most out of its software and produce the most effective AI offerings.Īccording to data from Grand View Research, the AI market is projected to expand at a compound annual growth rate (CAGR) of 37% through 2030, with Microsoft well positioned to profit significantly from the sector's development. According to a Bloomberg report, the Windows company is supporting AMD's AI chip expansion by providing financial and engineering resources. Moreover, Microsoft's recent collaboration with Advanced Micro Devices further proves its dedication to AI development. For instance, the company's Office productivity suite, cloud-service Azure, and search engine Bing, have all received AI upgrades since the release of ChatGPT. The partnership has reinforced Microsoft's potential to become the go-to in AI services by allowing it to integrate OpenAI's technologies across its different platforms. Microsoft's further investment of $10 billion in the start-up this year has only strengthened its outlook. Consequently, Microsoft's $1 billion investment in OpenAI back in 2019 now appears to be the foresight of the century and put the company ahead of many of its competitors, which are now scrambling to join the industry. Last November, the launch of OpenAI's ChatGPT kicked off an AI race where countless tech companies have pivoted their businesses to developing the burgeoning market.
Microsoft is a leading name in artificial intelligence Here's why Microsoft's stock is a screaming buy right now.
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