Microsoft, which is making a name for itself with its investments in artificial intelligence, saw its shares rise after an event organised recently. Microsoft’s market capitalisation rose by 154 billion dollars in just one day. After this situation, the value of the company reached a historic point of 2.7 trillion dollars.
Microsoft shares up 50% in a year
Microsoft announced the support of Copilot for its Office 365 platform. Users will be able to access GPT-4-powered Copilot for a monthly subscription of $30. This news and other artificial intelligence developments, especially this one, sent the company’s shares up to $366. This resulted in a valuation of $154 billion in one day.
The technology giant’s shares have risen an impressive 6 per cent in the past day. This means that the shares have reached an all-time high. It can be said that it is currently hovering around $360.
Microsoft and Meta collaborate on Llama 2. It will have increased data training, architectural improvements, and support for Windows systems.
Microsoft seems to be the company that has benefited the most from the artificial intelligence trend. The rise in its share price shows that the company’s increase in market value over the last year has reached 885 billion dollars. In addition, the share price has risen by 50 per cent over this period.
The rise of artificial intelligence has also had a significant impact on the way businesses operate. For example, AI-powered shopping bots are now being used to answer customer questions and provide support. AI-powered algorithms are being used to optimise supply chains and make better investment decisions.
Microsoft is not the only tech giant capitalising on the AI boom. Other tech companies such as Alphabet, Amazon and Nvidia have also seen their market capitalisations soar in recent months. This suggests that investors are increasingly optimistic about the long-term prospects of AI.
