Microsoft closes at record after revealing pricing for new A.I. subscription

▤ Summary

Microsofts Copilot subscription service adds AI to the companys popular Office products such as Word, Excel and Teams. The announcement shows how Microsoft is continuing to build on its suite of Office software, making it more attractive for businesses that are seeking to add AI into their workflows. Microsoft has been pouring money into generative AI, largely through a multibillion-dollar investment in OpenAI, the creator of ChatGPT. Microsoft Copilot, first announced in March, can design presentations, offer writing prompts, summarize meetings and rank incoming emails. Its already being tested by 600 customers such as Goodyear and General Motors , although Microsoft hasnt said when it will be available to the wider public.

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