Companies using AI
The Potential of AI for the World of Work This is how
much Microsoft is
investing in OpenAI Tools
much
investing
Microsoft has already invested one billion US dollars in OpenAI in 2019 and 2021 - the innovative company behind the chatbot ChatGPT, the image generator Dall-E2 and other AI solutions. This was followed last month by an investment of 10 billion US dollars, giving Microsoft a 49 percent stake in the company. This gives Microsoft customers the promise of significant improvements to their software solutions.
Demographic Change is leading to a Shortage of Skilled Workers
There is now a serious shortage of qualified specialists due to demographic change in Western countries, and this problem will become even more acute in the coming years. This is where artificial intelligence (AI) comes into play. AI tools have the potential to make software solutions much more intelligent than they are today. This includes the opportunity to significantly increase the productivity of employees.
Artificial Intelligence holds great Potential for Employee Productivity
According to Microsoft CEO Satya Nadella, “This next generation of AI will unlock a new wave of productivity growth.” And this is necessary to get the economy back on a growth path. Knowledge workers in particular would benefit from the new tools. He compared this to software developers who use the tools as a programming aid. “I haven’t seen anything like this since 2007/2008 when the cloud came along,” said Nadella.
ChatGPT: the Chatbot automatically generates your desired Text when prompted
In particular, ChatGPT has recently attracted a lot of attention on the topic of “AI”. The tool automatically generates text based on written prompts in a way that is much more advanced and creative than previous chatbots.
The web-based tool became a self-runner after its first launch in November 2022. IT executives and venture capitalists raved about it on Twitter and even compared it to the debut of the Apple iPhone in 2007.
Microsoft Bing: soon to be the No. 1 Search Engine ahead of Google with ChatGPT Integration?
“We are now transforming the largest software category on planet Earth: search,” said Nadella, speaking about the integration of ChatGPT into Microsoft’s own search engine Bing and the web browser Microsoft Edge. This is a direct challenge to Google, which currently dominates the search market. Other Microsoft solutions would follow shortly, including the Dynamics 365 ERP and CRM solutions: “I think that this technology is going to reshape pretty much every software category.”
AI: Gamechanger for the entire Business World?
Microsoft is in the process of greatly expanding its position in the market for AI tools. The next step is to transform all software solutions based on this innovative technology.
If you are not currently a Microsoft customer, the question arises as to how your current software provider will position itself in relation to the upcoming AI wave. Because one thing seems clear: artificial intelligence has the potential to become a real gamechanger for the entire business world.
