Microsoft (NASDAQ: MSFT) was founded in 1975, and now, it's the world's second-largest company, with a valuation of $2.5 trillion. It has always been a dominant force in the technology industry, but it took a relentless focus on innovation to get there.

Microsoft started out as a software provider, and its Windows operating system is still used by billions of people today. But one product isn't enough to sustain a position at the top of the fast-moving tech sector, so the company has since moved into hardware devices, gaming, cloud computing, and now, artificial intelligence (AI).

AI is perhaps Microsoft's greatest opportunity, and it has spent much of this year weaving the technology throughout its product portfolio. The company just reported its financial results for the fiscal 2024 first quarter (ended Sept. 30), and it's clear that AI is already driving growth in several areas.

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Source Fool.com