Microsoft’s latest investor call describes AI focus, names corporate users
American multinational technology company Microsoft named the development of artificial intelligence (AI) as one of its top priorities during its first-quarter earnings call, held on April 25.
Microsoft is heavily focused on AI
Microsoft CEO Satya Nadella briefly commented on the consumer AI capabilities, stating:
“As we look to a future where chat becomes a new way for people to seek information, consumers have a real choice… with Azure-based chat entry points across Bing, Edge, Windows, and OpenAI ChatGPT.”
Nadella’s other statements primarily focused on AI products aimed at enterprise customers. He claimed Microsoft has the “most powerful AI infrastructure” and said that OpenAI, Nvidia and other AI startups use this infrastructure.
Nadella explained that Microsoft offers enterprise users access to ChatGPT and GPT-4 through its Azure platform. He said more than 2,500 customers – including Coursera, Grammarly, Mercedes-Benz and Shell – use the Azure OpenAI service.
Additionally, Snap Inc. — the company behind Snapchat — and Shopify use OpenAI’s API, which is powered by Azure, Nadella said.
He also spoke about Microsoft’s code suggestion tool, GitHub Copilot. He said that in just three months, Copilot for Business received registrations from over 10,000 organizations – including Coca-Cola, General Motors (GM) and Duolingo.
He did not describe the Athena AI chip that is said to be in use at Microsoft.
Revenue increased compared to last year
Microsoft’s exact revenue from AI products is not available. However, the company’s most recent filing with the US Securities and Exchange Commission contains specific revenue data.
That filing suggests that Intelligent Cloud — which includes many of Microsoft’s AI-related services — generated $22 billion in revenue in the first quarter of this year. This is an increase from $19 billion in the first quarter of 2022.
The SEC filing also says the company generated $9.5 billion in operating revenue from Intelligent Cloud in the first quarter of this year. This is an increase from $8.4 billion in this category in the first quarter of 2022.
Additionally, the filing shows that the company acquired healthcare AI company Nuance Communications for $18 billion in March.
Disclaimer: The opinions of our writers are solely their own and do not reflect the opinions of CryptoSlate. None of the information you read on CryptoSlate should be construed as investment advice, nor does CryptoSlate endorse any project mentioned or linked in this article. Buying and trading cryptocurrencies should be viewed as a high-risk activity. Please perform your own due diligence before taking any action with respect to the content of this article. Finally, CryptoSlate takes no responsibility in case you lose money trading cryptocurrencies.