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Following the release of "Copilot Chat," an artificial intelligence application for Microsoft 365 subscribers, Microsoft Corp. (MSFT, Financials) shares jumped 2.27% to $425.11.
Leveraging GPT-4o for advanced capability, Microsoft's new product presents a pay-as-you-go approach for AI agents while keeping a free chat capability, the tech giant said. Users of Copilot Chat may do chores like market research, data analysis, and document summarizing. Customizable AI agents are meant to automate repetitive business procedures, therefore addressing field operations and customer care.
With Microsoft 365 Copilot being the company's premier offering, the rollout fits more general business acceptance of artificial intelligence. Copilot Analytics for measuring return on investment provides expanded capabilities when Copilot interacts with well-known technologies such as Teams, Outlook, and Excel.
The stock performance of Microsoft reflects market belief in the scalability of its AI-driven products. Trading at $425.11 on the Nasdaq, the shares were up $9.44 as of 11:43 AM GMT-5. Analysts credit investor excitement about the company's leadership in AI-driven workplace technologies for the rise.
Copilot Chat and Microsoft 365 Copilot are available to customers via m365copilot.com or mobile app stores. With Microsoft's AI products, companies will be able to revolutionize their whole operations, increase output, and get a notable return on investment.
This article first appeared on GuruFocus.