Microsoft is positioned exceptionally well for a major splash in artificial intelligence that could lift the company’s market value another $300 billion this year, according to a new analyst report.
The tech giant is “in the driver's seat” during a pivotal moment for the tech industry, Wedbush analyst Dan Ives wrote in a note to clients on Monday. He cited Microsoft’s partnership with OpenAI creator ChatGPT, which Microsoft is using to power its cloud apps and services, and upcoming releases of A.I.-powered products.
