AI Boom Will Boost Microsoft's Regular Annual Revenue to $10 Billion

Microsoft is one of the main beneficiaries of the surge in popularity of artificial

intelligence. In particular, ChatGPT. The technology will allow the Redmond company to significantly increase revenue.

What is known

Artificial intelligence will increase regularMicrosoft annual revenue. The forecast was supported by JPMorgan Chase analysts. After that, the company's shares rose to $ 348.10 per share (3.2%) and updated the historical maximum, which lasted from November 2021.

Microsoft provides resources to startup OpenAIcloud infrastructure. In return, the company founded by Bill Gates received an exclusive license for OpenAI artificial intelligence models, including GPT-4.

Since the beginning of this year, Microsoft's stock pricesoared almost one and a half times (46%). Last week, CFO Amy Hood said that Azure will improve its performance in the last fiscal quarter, with regular annual revenue reaching $10 billion.

Source: CNBC