Whats up with the #VIX?

#Turkey has burnt through billions of Dollars defending the Lira

#AI: Windows #Copilots Coming Soon to an App Near You

https://bit.ly/3qL88dU

Microsoft’s Sudden AI Dominance is Scrambling Silicon Valley’s Power Structure 

The company has quietly cornered the growing software market—and it’s preparing to cash in.

Nadella’s team hasn’t disclosed pricing on the forthcoming Copilots, but they definitely won’t be free. GitHub’s version starts at $10 per user per month, and Copilots for Microsoft’s office apps could be similarly priced, translating into as much as $48 billion in extra annual revenue within the next four years, according to Kirk Materne, an analyst with Evercore ISI. In a research note published on June 2, he estimated that Microsoft’s revenue from OpenAI-powered features could hit $99 billion by 2027. That would be like adding three Netflixes to the top line of the world’s second-most-valuable public company. In early trading on Thursday, Microsoft’s share price was on course to close at an all-time high.

Little wonder, then, that Microsoft has invested $13 billion in OpenAI since 2019, according to people familiar with the partnership; that its share price has shot up 30% since ChatGPT’s unveiling; or that it’s become the unlikely AI tech giant to beat. “The clear leader,” says Kim Forrest, chief investment officer and founder of Bokeh Capital Partners LLC, an investment firm. “Google just got completely leapfrogged.”

See the whole article on Bloomberg here: https://www.bloomberg.com/news/features/2023-06-15/microsoft-prepares-to-cash-in-on-openai-partnership-with-copilot

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https://bit.ly/3Nd89Pa June 15, 2023 at 06:07PM