Microsoft (MSFT) announced an artificial intelligence (AI) – premium version of its Microsoft 365 product which would cost users $30 per month. And it doubles down on AI applications through partnerships.
Technology giants Microsoft (MSFT) and Meta (META) are teaming up to offer the Llama artificial intelligence (AI) model for commercial use, the companies announced Tuesday. Microsoft is also expanding its partnership with Teladoc (TDOC) which helps create clinical documentation.
- Microsoft also announced a premium 365 subscription service using generative AI that would cost users an additional $30 per month.
- Microsoft said it is partnering with Meta to bring the AI Llama model to commercial use on the Azure platform.
- Teladoc Expands Partnership with Microsoft to Register patient visits with AI technology.
- Shares of Microsoft, Meta and Teladoc gained on Tuesday after the announcement.
AI Subscription ? How it works?
For $30 per month, Microsoft enterprise software users get Microsoft Copilot, a premium version of its 365 subscription. Microsoft Copilot, originally announced in March, uses large language models to analyze data in applications Microsoft 365.
Microsoft has also launched the generative AI-powered Bing Enterprise Chat for its business customers. While this tool can be used for things like real-time transcription and writing, the Copilot subscription would buy your business these capabilities and more.
Microsoft's tie-up with Meta is targeted at businesses, giving them the ability to build apps using generative AI tools. Meta CEO Mark Zuckerberg said the Llama 2 template, which was only available to a limited number of scholars for research, will also be available for download through platforms like Amazon Web Services.
Separately, Teladoc Health said it will expand its partnership with Microsoft to automate healthcare documentation and ease pressure on staff. Teladoc will integrate Microsoft's Nuance Dragon Ambient eXperience, which is a voice-enabled artificial intelligence solution using GPT4.
The moves come as Microsoft , Meta and other technology companies are competing to deploy a wide range of products using AI.
Microsoft shares jumped from more than 5% to a new high in intraday trading on Tuesday following the news. Meta shares also rose and rose 0.7%, while Teladoc shares gained 1.6%. img src=”/wp-content/uploads/2023/07/e00ecf6d4c22f1ba55b0c73267a1331f.png” />
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