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Microsoft CEO Satya Nadella speaks during an interview in Redmond, Washington, March 15, 2023.
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Microsoft Shares rose 5.8% on Tuesday after the company announced a new AI subscription service for Microsoft 365: The company will charge users an extra $30 per month to use generative AI with tools like Teams, Excel and Word.
Adding a subscription to Copilot, a general AI assistant that works across Microsoft 365 software, can increase monthly pricing for enterprise customers by up to 83%. Copilot’s capabilities include arranging incoming emails, summarizing meetings, analyzing spreadsheet data, delivering written prompts and designing presentations, according to Microsoft.
The updates come as the race heats up to deliver generative, consumer-driven AI tools among tech giants like Microsoft, Google, and ibm and more.
“It’s based on your business data in the Microsoft Graph — that’s all your email messages, calendar, chats, documents, and more,” Microsoft wrote in a release, adding that the tool adheres to user-preset security, privacy, and compliance policies for Microsoft 365.
The tool is currently in early testing stages with 600 institutional clients, e.g new Year And general motors. Microsoft has not announced a timeline for its public offering.
The company also announced a significant update for Bing Chat, its AI chatbot, on Tuesday: visual search. Users can now take a photo or upload it to Bing Chat and request more information about it through desktop apps or Bing.
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