Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Microsoft offers $20 consumer AI subscription to boost business

Published 01/15/2024, 04:16 PM
Updated 01/15/2024, 04:20 PM
© Reuters. Microsoft logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration/File photo
MSFT
-
GOOGL
-

By Jeffrey Dastin

DAVOS, Switzerland (Reuters) - Microsoft (NASDAQ:MSFT) on Monday said consumers and small businesses can buy subscriptions to access more capabilities in its artificial intelligence "Copilot," as it moves to grow sales beyond large enterprises.

After introducing a free AI Copilot for its Bing search engine last year, Microsoft will offer what it calls Copilot Pro to individuals for $20 a month.

The subscription will add a text-drafting, number-crunching AI assistant to Microsoft's widely used applications including Word and Excel, and it will give purchasers access to new tools and AI models such as GPT-4 Turbo.

The company also said it was removing a 300-person minimum requirement to buy the enterprise version of the software, making the security controls and Microsoft Teams upgrade that come with the $30 per-month per-user Copilot available to smaller businesses.

Microsoft now expects virtually all of its business customers to sign up, Corporate Vice President Jared Spataro said in an interview.

"I can't imagine a commercial organisation out there that will not buy at least a seat of Copilot to see what it's all about," he said.

Alphabet (NASDAQ:GOOGL)'s Google is competing with Microsoft in marketing AI for productivity and cloud software to business customers.

© Reuters. Microsoft logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration/File photo

Microsoft's Copilot Pro is also entering an increasingly competitive consumer market. ChatGPT's creator OpenAI, which Microsoft has funded, announced a $20-per-month subscription nearly a year ago called ChatGPT Plus that gives early access to new features and AI models.

Spataro said Copilot Pro would stand apart because it is integrated into applications that "people use every day".

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.