Microsoft’s Bing GPT-4 offers ‘rare opportunity for market share gains’

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OpenAI’s imminent release of a powerful AI model, GPT-4, could give its backer Microsoft even more of an edge in human-like technology over Google, one Wall Street firm concluded.

OpenAI’s imminent release of a powerful AI model, GPT-4, could give its backer Microsoft Corp. even more of an edge in human-like technology over rival Alphabet Inc.’s Google, one Wall Street firm concluded Thursday.

“The release of GPT-4 only furthers the distance between OpenAI and their competitors,” DA Davidson analyst William Jellison wrote in a note to clients. “We expect to see benefit to the Bing business as it begins to take share from Google Search, then more importantly we expect generative AI volumes to drive upside to the important Azure business,” Jellison said, reiterating a buy rating and $325 price target.

On Tuesday, Google GOOGL, +4.38% GOOG, +4.68% announced a “magic wand” for its collaboration software that can draft virtually any document. Microsoft MSFT, +4.05% is expected to showcase AI for its competing Word processor.

 

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