06/01/2024
May 31, 2024 AI News!
Microsoft's stock hit a record high of $433.60, driven by its AI monetization and expanding investments. Azure's cloud market share is growing, with $100 million+ deals up 80% YoY. In FQ3, Microsoft Cloud revenue rose 23% to $35.1 billion. Analysts see strong AI growth potential, with price targets up to $520. Microsoft's new small language models (SLMs) make AI more accessible, offering capabilities similar to large models but requiring fewer resources. This positions Microsoft well for future AI advancements. What do you think about Microsoft's AI strategy? Thanks for reading!
MY THOUGHTS 🧐
Usually a good way to follow trends in any industry, social movement, policy, etc. is to follow the money.
Again and again we see the top companies in the world investing huge amounts into AI, which is a clear signal as AI’s heavy role in the future.
As a business owner, I’m not sure you want to wait around and wait for the competition to gain a huge, impassable edge.
⬇️Click the link below to read the article⬇️
Microsoft is well-positioned to be one of the long-term AI winners in software. AI is bringing in new customers to the Azure cloud platform and powering expansions across current customers.