Here’s How AI Is Accelerating Microsoft’s Growth
It has been just a year since Microsoft (NASDAQ: MSFT) created a new Artificial Intelligence (AI) and Research Group, initially staffing it with 5,000 scientists and engineers. The fact that Microsoft established a stand-alone group for AI development, alongside its core Windows, Office, and Azure business groups, was a clear indication that it was seriously focused on exploiting this tech trend for long-term gains.
Just one year later, Microsoft's AI research division has grown 60%. It is currently staffed by 8,000 people as the software giant has used a mix of acquisitions and new hires to strengthen this team. The company is looking to deploy AI across a variety of use cases, ranging from the cloud to healthcare and autonomous cars in a bid to secure its future amid declining PC sales.
Image Source: Getty Images.
Source: Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 108 Buy predictions and 1 Sell predictions.
With a target price of 419 € there is a slightly positive potential of 6.94% for Microsoft Corp. compared to the current price of 391.8 €.
