Microsoft plans to introduce its Microsoft 365 Copilot tools to its biggest clients on November 1st. Financial benefits from the product may not be seen until the first six months of 2023, according to an executive's statements from July. This product is a consequence of the corporation's close partnership with San Francisco-based OpenAI.
On Thursday, Microsoft announced that large companies will be able to purchase Microsoft 365 Copilot, an AI tool to expand its popular Office applications, starting Nov. 1. Office applications make up 24% of Microsoft's total revenue and saw a 16% growth in the fiscal fourth quarter, more than 30 years after the bundle began. The company collaborated with San Francisco startup OpenAI to develop the tool, using its GPT-4 large language model. Copilot is set to debut on Bing, Edge, and Windows 11 on Sept. 26 and will help corporate workers prepare Word files and PowerPoint presentations as well as quickly find information from email messages. Microsoft CEO Satya Nadella likened this development as being as significant as the PC in the 1980s, the internet in the 1990s, and mobile in the 21st century. Microsoft 365 Copilot will have an added cost of $30 per person per month, on top of the existing subscription cost, and is currently in preview with small businesses. Google's Duet AI for Google Workspace, which is also $30 a month per person, became available late last month. Microsoft's finance chief, Amy Hood, said that the growth of AI services would be “gradual” and that the impact of Copilot would mainly come in the second half of the 2024 fiscal year.
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