Satya Nadella, CEO of Microsoft, speaks during an interview in Redmond, Washington, March 15, 2023.
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Microsoft shares rose as much as 5.8% Tuesday after the company announced a new artificial intelligence subscription service for Microsoft 365. The company will charge users an additional $30 per month for the use of generative AI with tools such as Teams, Excel and Word.
Adding on the subscription to Copilot, a generative AI assistant that works across Microsoft 365 programs, could increase monthly prices for enterprise customers as much as 83%. Copilot’s capabilities include ranking incoming emails, summarizing meetings, analyzing spreadsheet data, offering writing prompts and designing presentations, according to Microsoft.
“It’s grounded in your business data in the Microsoft Graph — that’s all your emails, calendar, chats, documents and more,” Microsoft wrote in a release, adding that the tool abides by a user’s preset security, privacy and compliance policies for Microsoft 365.
The company also announced a significant update to Bing Chat, its AI chatbot, on Tuesday: visual search. Users can now take or upload a photo to Bing Chat and ask for more information on it through the desktop or Bing apps.