"Ultimately, it may be a much larger of an impact to Microsoft's enterprise software and perhaps less so in search," said Haruki Toyama, portfolio manager at Madison Investments. Microsoft beat estimates for quarterly revenue and profit on Tuesday, driven by growth in its cloud computing and Office productivity software businesses.īing has lagged Google search for decades but Nadella said that Bing downloads had jumped since the addition of AI features and now had 100 million daily users. The tool is for its product suite that includes Word documents, Excel spreadsheets, and Outlook emails. Nadella said in the three months since Microsoft made a new AI "Copilot" developer tool broadly available, over 10,000 organizations had signed up, including Coca-Cola (KO.N) and General Motors (GM.N). think about how long it took for Google to break out YouTube just as an example," he said, adding that anything significant was unlikely to show up on statements for more than a year.īrett Iversen, Microsoft's head of investor relations, told Reuters, however, that "it's really early" and that AI was still a relatively small part of Microsoft's total business. "As far as working it into actual numbers. But I think it's going to take some time to see real meaty results," said Thomas Martin, a senior portfolio manager at Globalt Investments. "I mean the announcements are there and things will move quickly. It said last week it would combine its AI research units Google Brain and DeepMind and work on "multimodal" AI, like OpenAI's latest model GPT-4, which can respond not only to text prompts but to image inputs as well to generate new content.
Google, which has also unveiled a flurry of AI tools for its email, collaboration and cloud software, reported quarterly profit and revenue above estimates and said it would buy back $70 billion in stock. "Lots more to come," Alphabet boss Sundar Pichai said on Tuesday, after he mentioned some of the products the company launched last month, including Bard, Google's answer to ChatGPT-powered Microsoft search chatbot Bing. Microsoft said it 36 times, versus 20 - not including references to its partner OpenAI.īoth companies said AI was already juicing sales, but neither said when or if they would start breaking out any sales, costs, or profits from the technology. Google used the term 52 times on its first-quarter call on Tuesday, up from 45 in the fourth quarter.
With quarterly reporting season just under way, the term "AI" has been used nearly twice as frequently in the conference calls of S&P 500 (.SPX) companies as it was in the previous quarter, a Reuters analysis showed.
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