Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Microsoft and Alphabet intensify AI competition with new tools

EditorAmbhini Aishwarya
Published 11/15/2023, 06:01 AM
© Reuters.

In the rapidly evolving artificial intelligence (AI) space, tech giants Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL) are escalating their rivalry with the development of advanced AI-driven tools aimed at enhancing user productivity and information accessibility. Microsoft has taken an early lead in this race with its strategic investment in OpenAI, which has borne fruit in the form of Copilot, an AI-powered tool integrated into Microsoft 365 suite.

Copilot has been making waves by boosting productivity for businesses, leveraging the capabilities of AI to streamline tasks and improve efficiency. This tool is part of Microsoft's broader push to incorporate AI into its widely-used office software, potentially transforming how professionals interact with applications like Word, Excel, and Outlook.

On the other side of this competitive landscape, Alphabet is not standing still. The company is preparing to launch Google Duet, an initiative that aims to capitalize on its already strong assets such as Google Search and YouTube. Google Duet is expected to enhance these platforms by embedding more sophisticated AI functionalities into them.

Despite Microsoft's current edge and the impressive milestone of ChatGPT reaching 100 million weekly active users, Alphabet's forthcoming projects could shift the balance. The company is working on Bard and Gemini, two projects that have the potential to outshine their rivals in the long term. Bard, which is already in the conversation, along with the anticipated Gemini, could offer superior chatbot capabilities that would not only improve user experience but also significantly impact how users interact with Google's search engine and YouTube.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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.