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"Because it really is a very general platform, we have lots of different ways that $10 billion of ARR is going to first show up," he said. In the past four quarters, Microsoft has generated almost $208 billion in total revenue.
On Monday, in a public discussion with Microsoft technology chief Kevin Scott, Hood provided more specifics, saying that "the next generation AI business will be the fastest-growing $10 billion business in our history." In April, Microsoft finance chief Amy Hood said she expects fiscal fourth-quarter growth for Azure cloud of 26% to 27% year over year in constant currency, with 1 percentage point of it coming from AI services. Investors want to see what it all means for Microsoft's earnings and revenue. At the company's event in February to announce its Bing Chatbot, Microsoft CEO Satya Nadella said "it's an exciting time in tech."
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Microsoft has incorporated OpenAI tools into its Bing search engine and even the Windows operating system.
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Microsoft also has an exclusive license on OpenAI's models, including the GPT-4 large language model that can spit out natural-sounding words in response to a human's text input. On top of its hefty investment in OpenAI, the company provides the underlying computing power. Microsoft is a major beneficiary of the rise of ChatGPT and tangential products. Tech companies have rushed to embed the technology into products and features and have boasted their ability to use AI to drive cost savings as recession concerns persist. Personal Loans for 670 Credit Score or LowerĪI has been a hot topic all year, after Microsoft-backed OpenAI in November released the ChatGPT chatbot, which quickly went viral. Personal Loans for 580 Credit Score or Lower The company's 1986 initial public offering and subsequent rise in its share price created three billionaires and an estimated 12,000 millionaires among Microsoft employees.Best Debt Consolidation Loans for Bad Credit It rose to dominate the personal computer operating system market with MS-DOS in the mid-1980s, followed by Windows. Microsoft was founded by Bill Gates and Paul Allen on April 4, 1975, to develop and sell BASIC interpreters for the Altair 8800. It is often considered as one of the Big Five American information technology companies, alongside Alphabet, Amazon, Apple, and Meta Platforms.
#Microsoft stock market watch software
14 in the 2022 Fortune 500 rankings of the largest United States corporations by total revenue it was the world's largest software maker by revenue as of 2022.
Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft's best-known software products are the Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Microsoft Corporation is an American multinational technology corporation headquartered in Redmond, Washington.
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