June's AI-picked stock updates now live. See what's new in Tech Titans, up 28.5% year to date.Unlock Stocks

Microsoft promotes new tools for making AI software

Published 22/05/2024, 03:32 am
© Reuters. FILE PHOTO: A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, March 25, 2024. REUTERS/Gonzalo Fuentes/File Photo
MSFT
-
GOOGL
-
AAPL
-
AMZN
-

By Max A. Cherney

SEATTLE (Reuters) -Microsoft talked up new tools on Tuesday aimed at encouraging programmers to build AI-focused technology into Windows software as it races against Alphabet (NASDAQ:GOOGL), Amazon.com (NASDAQ:AMZN) and Apple (NASDAQ:AAPL) to dominate the emerging field.

At a developer conference in Seattle, Chief Executive Satya Nadella promoted new application programming interfaces, or APIs, that make it easier for developers to tap in to AI technology offered by Microsoft (NASDAQ:MSFT).

The company said 1.8 million developers are now using Github Copilot, Microsoft's generative AI tool that helps computer programmers be more productive.

"What stands out to me as I look back at this past year, is how you all as developers have taken all of these capabilities and are applying them, quite frankly, to change the world around us," Nadella said during his keynote address at the Build conference.

Microsoft detailed new features for its Copilot AI software that helps business productivity applications such as email and its Teams video and text chat product. At its developer conference last week, Alphabet's Google unveiled a similar batch of AI tools to help people with office applications.

Microsoft announced details of its new developer tools last week.

Shares of Microsoft were up 1.2% at $430.67 on Tuesday afternoon after hitting a record high of $432.97 earlier in the session. Microsoft's stock has now gained 14% in 2024.

Also aimed at developers, Microsoft said last Thursday it would offer its cloud computing customers a platform of AMD (NASDAQ:AMD) AI chips that will compete with Nvidia, whose graphics processing units have become the gold standard for AI computing.

The platform of AMD chips created by Microsoft uses networking technology made by Nvidia called Infiniband to string the processors together.

OpenAI's new GPT4-o model, which runs on Microsoft's infrastructure, is 12 times cheaper for developers to use in their software than earlier versions of the technology, Microsoft's chief technology officer Kevin Scott said.

© Reuters. FILE PHOTO: A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, March 25, 2024. REUTERS/Gonzalo Fuentes/File Photo

Microsoft is the largest investor in OpenAI and uses some of the AI heavyweight's technology in its own products.

On Monday, Microsoft debuted a line of Copilot+ personal computers with AI features such as software that lets users search through their past actions in nearly any software. The new computers feature Arm-based processors made by Qualcomm (NASDAQ:QCOM).

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.