Microsoft unveils AI-powered Bing Chat Enterprise

Jul 19, 2023

Microsoft unveils AI-powered Bing Chat Enterprise

Microsoft shares closed at a record high on Tuesday after the tech giant announced its AI productivity software Microsoft 365 Copilot will be priced at $30 per user, per month. Microsoft (MSFT) also debuted Bing Chat Enterprise, a new chat tool that offers businesses concerned about using generative AI more protection and security controls. In an interview with Yahoo Finance Live, Microsoft Corporate Vice President and Chief Consumer Marketing Officer Yusuf Mehdi says that overall, the corporate interest in AI isn't letting up. "There is tremendously broad excitement for the power of AI" and that Microsoft has "gotten lots of inbound demand for it," Mehdi said.

AKIKO FUJITA: Microsoft's inspired 2023 conference kicking off today with a look at the latest Microsoft cloud and generative AI innovation. Shares of Microsoft jumping on the heels of a big announcement, or we should say some big announcements, including the pricing for its AI subscription service. Joining the conversation, Microsoft's Corporate Vice President and Consumer Chief Marketing Officer, Yusuf Mehdi, along with our very own Dan Howley. Dan.

DAN HOWLEY: That's right, Akiko. And welcome, Yusuf. I kind of want to kick things off, first with the pricing for Microsoft 365 Copilot. This is part of the reason why we're seeing shares of Microsoft jump this afternoon. And you know, $30 per user per month. It's pricier than we've seen for other Microsoft Offerings can you just walk us through the decision-making process there? And why that price? And what that provides to users?

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Source - https://finance.yahoo.com/video/microsoft-stock-jumps-ai-related-212616858.html