Microsoft starts selling AI tool for Office, which could generate $10 billion a year by 2026
Publishing timestamp: 2023-11-01 13:44:42
Summary
Microsoft has started selling the Microsoft 365 Copilot artificial intelligence add-on for its Office app subscriptions, targeting businesses. Analysts estimate that the tool could generate over $10 billion in annualized revenue by 2026. Microsoft aims to capitalize on its lead in the productivity software market, while Google is also selling its own AI enhancement for subscriptions. Microsoft CEO Satya Nadella has stated that customers find Copilot indispensable. The challenge for Microsoft is to expand the usage of Copilot beyond a small core of users.
Sentiment: POSITIVE
Keywords: artificial intelligence, business, generative ai, satya nadella, enterprise, breaking news: technology, business news, technology, microsoft corp, alphabet inc,
Source: https://www.cnbc.com/2023/11/01/microsoft-365-copilot-becomes-generally-available.html