Revenue was $56.5 billion, up 13%, due to its continued investment in generativeAI – its strongest quarter in history.
Started selling the Microsoft 365 Copilot artificial intelligence add-on for its office app subscriptions targeting businesses.
- Helps to streamline processes by automating tasks and workflows across Word, Excel,PowerPoint, Outlook, and Teams and could help boost usage of the Edge browser.
- Could add up to more than $10 billion in annualized revenue by 2026.
Injecting AI across Bing to provide more relevant, personalized answers and recommendations. The aim is to increase engagement on Bing and Microsoft’sEdge browser, both of which continue to gain market share.
Bing’s market share increased to 6.92% in October – the highest share YTD(but still far below Google).
Replicating Google’s Performance Max, with a Beta version to help advertisers reach a larger audience via an AI-based advertising model.
ChatGPT launched its “browse with Bing” feature to allow access to recent data(previously ChatGPT only used data up to September 2021).
- This helps it compete with Bard which uses real time content from the web.
- It’s currently only available to paying subscribers but is expected to roll out to a wider audience eventually with a positive impact of increased users expected.
Microsoft has introduced DALL-E 3, the most recent text-to-image model developed by OpenAI’s AI lab, to the entire user base of Bing. This upgraded AI system is now accessible at no cost within Bing Chat and Bing Image Creator.
- DALL-E 3 represents an evolution of its predecessors, crafting images based on textual prompts that Microsoft characterizes as both more lifelike and inventive.