Microsoft Is Playing the Long Game in Artificial Intelligence
Microsoft (NASDAQ: MSFT) is reported to be investing $10 billion into OpenAI, the creator of ChatGPT. The company's cloud resources, business customers, and large amount of data resources make it a perfect partner to improve the artificial intelligence models and create a business model for it. Travis Hoium covers why Microsoft isn't doing this for headlines, it's playing the long game.
*Stock prices used were end-of-day prices of Jan. 12, 2023. The video was published on Jan. 17, 2023.
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet and Apple. The Motley Fool has positions in and recommends Alphabet, Amazon.com, Apple, Meta Platforms, and Microsoft. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
