Microsoft is making a big bet on artificial intelligence (AI) and aims to train two million people in AI skills by 2025. The company’s CEO, Satya Nadella, announced this ambitious plan during his visit to Mumbai, India. Nadella highlighted the adoption of Microsoft’s Copilot AI software by several major Indian companies, viewing it as a potential lucrative venture.
Having recently completed a decade as Microsoft’s CEO, Nadella’s AI gamble has paid off well for the tech giant. Microsoft has now surpassed Apple to become the world’s most valuable company, driven by its investments in AI, including a whopping $13 billion in OpenAI, the developers behind ChatGPT. Despite this success, the market response to Microsoft’s recent earnings has been lukewarm.
India presents a valuable battleground for the AI competition. With its large workforce, booming economy, and fewer political complexities compared to China, Microsoft sees immense potential in establishing its AI platforms as the industry standard. To achieve this, they must emerge victorious against rivals like Google-parent Alphabet.
In premarket trading, Microsoft shares showed a 0.2% increase on Wednesday, while Alphabet stock remained stable.
However, not all companies are reaping the rewards of AI. Snap, the parent company of popular social media app Snapchat, seems to be falling behind in the AI-advertising boom. Disappointing earnings guidance led to a 32% drop in Snap’s stock during premarket trading.
It is evident that the AI revolution is reshaping the tech industry. Microsoft’s commitment to training millions of individuals in India demonstrates their determination to capitalize on the enormous potential of AI and maintain their position at the forefront of innovative technology.