What Happened: Nadella highlighted various examples of Microsoft’s innovation that helped the company’s Cloud exceed $27 billion in quarterly revenue, up by 22% and 29% in constant currency.
See Also: How To Buy Microsoft (MSFT) Shares
The Microsoft CEO said that just last week the company made its “, we made our “Azure OpenAI service broadly available and already over 200 customers” are using it. Nadella added, “We will soon add support for ChatGPT, enabling customers to use it in their own applications for the first time.”
Why It’s Important: Earlier this week, Microsoft announced that it was investing $10 billion in OpenAI and had become its exclusive cloud provider.
He said this would likely happen because of chatGPT and Microsoft’s diversification in the tech ecosystem.
Previously, it was also reported that the tech giant was working on launching a new version of its search engine, Bing, by using chatGPT and will ultimately challenge the dominance of Google Search.
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