tl;dr
Microsoft (NASDAQ:MSFT) has expanded its partnership with the Berlin-based media titan Axel Springer SE to leverage each other's strengths in advertising, artificial intelligence, content, and Azure services, the companies announced Monday. Elements of the partnership include Axel Springer adopting ...
Microsoft (NASDAQ:MSFT) has expanded its partnership with the Berlin-based media titan Axel Springer SE to leverage each other's strengths in advertising, artificial intelligence, content, and Azure services, the companies announced Monday. Elements of the partnership include Axel Springer adopting Microsoft Advertising technology; piloting AI-driven chat experiences, powered by Azure OpenAI Service, to engage Axel Springer's users; enhancing content through Microsoft Start-MSN; and Axel Springer migrating its SAP solutions to Microsoft Azure. "Our expanded partnership with Axel Springer brings together their leadership in digital publishing with the full power of the Microsoft Cloud — including our ad solutions — to build innovative AI-driven experiences and create new opportunity for advertisers and users," said Microsoft CEO Satya Nadella. Axel Springer operates well-known media brands such as Business Insider and Politico as well as classified portals. Late last year, the Microsoft-backed OpenAI entered into a deal with Axel Springer to use the company's content to train its AI models. The rise of AI and AI agents links back to a prophetic memo from Bill Gates to Nadella in 2017, according to a report today in Business Insider. Despite Gates resigning from the Microsoft board in March 2020, the report finds that "Gates has been quietly orchestrating much of Microsoft's AI revolution from behind the scenes." "Current and former executives say Gates remains intimately involved in the company's operations — advising on strategy, reviewing products, recruiting high-level executives, and nurturing Microsoft's crucial relationship with Sam Altman, the cofounder, and CEO of OpenAI," the report reads.
More about Microsoft Corporation
Microsoft Corporation is an American multinational technology company that produces computer software, consumer electronics, personal computers, and related services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue. It was the world's largest software maker by revenue as of 2016. It is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Amazon, and Facebook.
Sector: Technology
Industry: Services-Prepackaged Software
Market Cap: 301.99 billion
Current Price: $35.21
Change: $2.93 (11.54%)
52-Week Range: $31.83 - $0.364
Volume: 236,583,993
EPS: $462.44
P/E Ratio: 0.2
Dividend Yield: 0.17%
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