Microsoft (MSFT.us) jumped close to 4% in yesterday's trade, reaching an all-time high after announcing its pricing strategy for a new artificial intelligence subscription service for Microsoft 365. The company said Microsoft 365 Copilot software will cost $30 per month, adding AI capabilities to Word, PowerPoint, Excel, Outlook and Teams.
According to Microsoft, Copilot can sort emails, summarise meetings, analyse spreadsheets, give writing ideas, and create engaging presentations. It emphasised that Copilot is firmly rooted in the business data housed within the Microsoft Graph. This encompasses all emails, calendar, chats, documents, and more. Additionally, the company highlighted that Copilot strictly adheres to preconfigured security, privacy, and compliance policies for Microsoft 365.
Additionally, the company revealed its plans to introduce a dedicated chatbot application, Bing Chat Enterprise, exclusively tailored for business customers. This specialised app will be available at a monthly rate of $5 per user.
Senior Market Specialist
Russell Shor joined FXCM in October 2017 as a Senior Market Specialist. He is a certified FMVA® and has an Honours Degree in Economics from the University of South Africa. Russell is a full member of the Society of Technical Analysts in the United Kingdom. With over 20 years of financial markets experience, his analysis is of a high standard and quality.