Microsoft stock rose 5% to a 52-week high after announcing a new Ai-based subscription for Microsoft 365. As of this writing on 7/18, the price of Microsoft is $359.49, a slight pullback from the day’s high.
The subscription will cost users of the office tools app an additional $30/month. This will enable users to get more out of familiar tools such as Teams, Excel, and Word as these are integrated with AI. You can read the whole story on Microsoft’s blog:
Furthering our AI ambitions – Announcing Bing Chat Enterprise and Microsoft 365 Copilot pricing
Looking at the bigger picture, which affects even people who have never subscribed to a Microsoft service, it reveals how committed large companies are to quickly get up to speed with AI integration. Microsoft’s Bing is also powered by AI.