Microsoft, the Windows software maker, turns 50 in the age of AI
The Hindu
Microsoft has been at the heart of computing for half a century.
Microsoft has been at the heart of computing for half a century, becoming a tech stalwart almost taken for granted as lifestyles embraced the internet.
As the company, founded with a vision of putting computers in every home and office, celebrates its 50th anniversary on Friday, it is looking to boost its fortunes by being a leader in the fast-developing field of artificial intelligence (AI).
"From a storytelling standpoint, they've been a boring company and a boring stock," eMarketer analyst Jeremy Goldman said of the Richmond, Washington-based behemoth.
"It's funny because they have a $2.9 trillion market cap, and that is huge," he continued, referring to Microsoft's value based on its share price.
The only company with a higher market cap is iPhone maker Apple.
Cloud computing is fuelling Microsoft's revenue with the help of its ubiquitous Office software, now hosted online and no longer released in boxes of floppy disks or CDs.
Amazon Web Services (AWS) and Google are Microsoft's cloud-computing rivals.
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Amazon is investing heavily in generative artificial intelligence, including releasing a variety of chatbots serving sellers, businesses and consumers.