Microsoft Says AI Software Business Will Be Its Fastest to Hit $10 Billion in Revenue

Microsoft CFO Amy Hood repeated the company’s recent forecast that its suite of generative artificial intelligence tools will reach $10 billion in revenue faster than any other business in the software business’s history.

Hood said that customer feedback on the 365 co-pilot has been good. The system has “changed for me how I work,” for simple things like changing all the fonts in a 40-page deck, she said. For that product in particular, she said, there is a huge target market, with 160 million users for Microsoft 365. Asked about the macroeconomic outlook, Hood said that the company continues to be long-term believers in tech growth and that IT spending as a percentage of gross domestic product will eventually double from here.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chinese hack of Microsoft engineer led to breach of US officials' emails, company saysThe Chinese hackers who breached senior US officials’ emails in May and June were able to do so by first stealing sensitive data from a Microsoft engineer, the company revealed Wednesday.
Source: CNN - 🏆 4. / 95 Read more »