Microsoft claims that Artificial Intelligence (AI) is being widely implemented and utilized on a large scale.

Microsoft reported strong sales growth in the last quarter of 2023, driven by increasing demand for its artificial intelligence (AI) tools. The company's revenue from September to December increased by 18% compared to the previous year, surpassing $60 billion. With this positive update, Microsoft overtook Apple to become the world's most valuable publicly traded company, with a market value exceeding $3 trillion. Satya Nadella, the CEO of Microsoft, highlighted the company's focus on implementing AI on a large scale. These results solidify Microsoft's position as a frontrunner in the tech industry, as companies race to capitalize on the expected growth fueled by advancements in AI. Microsoft has a significant stake in OpenAI, the developer of the ChatGPT bot, which garnered excitement for its potential when it was released in 2022. However, the company has faced controversy as it is being sued by the New York Times, which claims that OpenAI infringed its copyright to train the ChatGPT system. The lawsuit also names Microsoft as a defendant, seeking damages worth billions of dollars. Microsoft has been integrating AI-assisted tools into its software and other offerings for businesses. One notable example is Copilot, which was launched in November and can provide meeting summaries for absentees, draft emails, create documents, spreadsheets, and presentations. According to Nadella, these recent ventures have been successful in attracting new customers. Investors closely monitor the sales of Microsoft's Azure cloud computing services, which exhibited a 30% year-on-year increase, surpassing analysts' expectations. Overall, the company's profits grew by 33% to $21.9 billion in the quarter. Alphabet, the parent company of Google and YouTube, also reported positive results in the September-December quarter. Its revenues increased by 13% compared to the previous year, with profits reaching nearly $20.7 billion. Alphabet emphasized the benefits of its investments in AI for its search, cloud computing, and YouTube services. Despite their success, both Microsoft and Alphabet have undertaken workforce reductions. Google's employee count has decreased by approximately 5% since last year, and the company recently announced additional job cuts. Similarly, Microsoft plans to downsize its gaming division by eliminating 1,900 jobs, which accounts for 9% of the division's workforce. This measure follows its acquisition of Activision Blizzard, the creator of popular games such as Call of Duty and World of Warcraft.