OpenAI's ChatGPT Success Boosts Microsoft's Dominance in AI Market
  • 9 months ago
In a recent earnings call, Microsoft CEO Satya Nadella, proudly announced that the company holds the top position in selling cloud-based AI services, an achievement bolstered by the success of OpenAI's ChatGPT chatbot. Microsoft's Azure and other cloud services have experienced a 26% year-over-year growth, surpassing most major product areas, driven by the tech giant's integration of OpenAI's large language models into Azure, Bing, and Windows. The exact revenue Microsoft can generate from Azure AI services utilizing OpenAI's technologies remains uncertain. Still, Nadella remains hopeful about Microsoft's prospects in AI and non-AI services offered through Azure. The company's financial chief, Amy Hood, estimates Azure's revenue, including AI services, will grow by 25% to 26% in constant currency in the upcoming fiscal quarter.
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