{"id":1516,"date":"2023-02-08T13:35:32","date_gmt":"2023-02-08T13:35:32","guid":{"rendered":"https:\/\/tradersontrend.com\/?p=1516"},"modified":"2023-02-08T13:35:32","modified_gmt":"2023-02-08T13:35:32","slug":"microsoft-surges-as-they-unveil-ai-revamp-for-bing","status":"publish","type":"post","link":"https:\/\/tradersontrend.com\/h\/2023\/02\/08\/microsoft-surges-as-they-unveil-ai-revamp-for-bing\/","title":{"rendered":"Bing Takes AI to the Next Level with Investment in OpenAI"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1516\" class=\"elementor elementor-1516\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7c2b4dee elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7c2b4dee\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7daef814\" data-id=\"7daef814\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-141ab8f0 elementor-widget elementor-widget-text-editor\" data-id=\"141ab8f0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 26-05-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>During a media event at its worldwide headquarters in Redmond, Washington, the tech giant outlined plans for its AI-focused investments for Bing, sending shares up.<br \/><br \/>Following its confirmed plans to grow its investment in <a href=\"https:\/\/en.wikipedia.org\/wiki\/OpenAI\">OpenAI<\/a>, an artificial intelligence group formed by Elon Musk, Microsoft stated it would include AI into its Bing search engine as it seeks to challenge market leader Google in the worldwide search and ad sector.<\/p><p>Microsoft stated that the multibillion-dollar investment, its third in the group, will expand its relationship with OpenAI and its major consumer and commercial product, the ChatGPT chatbot.<\/p><p>This is <a href=\"https:\/\/www.cnbc.com\/2023\/01\/23\/microsoft-announces-multibillion-dollar-investment-in-chatgpt-maker-openai.html\">Microsoft&#8217;s third investment<\/a> in OpenAI, following a $1 billion infusion in 2019 and a smaller investment in 2017. According to some media sources, the ChatGPT could be used in a new version of Microsoft&#8217;s Bing search engine.<\/p><p>Meanwhile, Alphabet (GOOGL) launched a pilot version of an <a href=\"https:\/\/blog.google\/technology\/ai\/bard-google-ai-search-updates\/\">AI-based application named &#8216;Bard&#8217;<\/a> on Monday, posing its own threat to ChatGPT.<\/p><p>&#8220;<em>This technology will change almost every software category,<\/em>&#8221; Satya Nadella, CEO, stated.<\/p><p>&#8220;<em>With Google aggressively defending its turf on the search front with its own beta AI tool named Bard, Microsoft is aggressively going after the AI opportunity on both the cloud front and the search frontier,<\/em>&#8221; said Wedbush analyst Dan Ives, who rates Microsoft as &#8216;outperform&#8217; with a $280 price target.<\/p><p>&#8220;<em>We see this as the first shot across the bow in this Big Tech AI competition, which is poised to ramp up in the coming months with Microsoft already dominating the race,<\/em>&#8221; he added. &#8220;<em>While Bing now holds approximately 9% of the search market, further incorporating this unique ChatGPT tool and algorithms into the Microsoft search platform could result in significant share changes away from Google and towards Redmond in the future.<\/em>&#8220;<\/p><p>On January 25, <a href=\"https:\/\/www.cnbc.com\/2023\/01\/24\/microsoft-msft-earnings-q2-2023.html\">Microsoft reported<\/a> better-than-expected December quarter earnings of $2.32 per share, as revenues rose 1.9% year on year to $52.7 billion for its fiscal second quarter, but forecast current-quarter sales for its intelligent cloud division of between $21.7 billion and $22 billion, which fell short of Refinitv forecasts.<\/p><p>Investors initially applauded Microsoft&#8217;s December quarter results, notably income from Azure, its flagship cloud subsidiary, which increased 31% year on year and exceeded Street projections. However, the growth rate for that segment has slowed after a recent surge in the mid to high 40 percent area as corporations cut back on digital infrastructure spending.<\/p><p>CFO Amy Hood stated that Microsoft&#8217;s customers were &#8220;<em>exercising caution<\/em>&#8221; in terms of business expenditure, adding that growth &#8220;<em>continued to decelerate, particularly in December,\u00a0and that the company ended the quarter with Azure constant-currency growth in the mid-30s.<\/em>&#8220;<\/p><p><em>For More Stocks And Investment Related News, Click\u00a0<a href=\"https:\/\/tradersontrend.com\/\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/tradersontrend.com\/&amp;source=gmail&amp;ust=1675944770749000&amp;usg=AOvVaw0Gh4RGK1h9s4QYfHg7nZ_I\">Here<\/a>.<\/em><\/p><p>\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>During a media event at its worldwide headquarters in Redmond, Washington, the tech giant outlined plans for its AI-focused investments for Bing, sending shares up. Following its confirmed plans to grow its investment in OpenAI, an artificial intelligence group formed by Elon Musk, Microsoft stated it would include AI into its Bing search engine as&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[78,118,287,402,413],"class_list":["post-1516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsletter","tag-bing","tag-chatgpt","tag-google","tag-microsoft","tag-msft"],"_links":{"self":[{"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/posts\/1516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/comments?post=1516"}],"version-history":[{"count":0,"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/posts\/1516\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/media\/1517"}],"wp:attachment":[{"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/media?parent=1516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/categories?post=1516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/tags?post=1516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}