Microsoft Stock (NASDAQ:MSFT)
Several different technology firms, including Microsoft (NASDAQ:MSFT), Google, and others, are fighting against one another in a struggle for artificial intelligence capability that has been likened to the popular television show Game of Thrones. Wedbush Securities, on the other hand, thinks that Microsoft has an advantage over its rivals due to its multibillion-dollar investment in OpenAI. As a result, Microsoft stock declined.
An analyst named Dan Ives penned the following in a letter to investors: “With [Microsoft’s] investment into ChatGPT, we believe this was a great first-mover advantage for Microsoft, capitalizing on an opportunity that has been brewing for the past few years.” [ChatGPT] is a messaging platform that was developed by Microsoft. “Given Microsoft’s pedigree of properly monetizing its line, we believe that this will be a massive transformation for the company as it shifts its focus from Bing to Azure,”
ChatGPT and OpenAI have received much attention lately since the former business released their GPT-4 big language model, which the latter claimed could get a higher SAT score than 90% of test takers.
Ives pointed out that OpenAI and ChatGPT most certainly have a lead over their rivals at the moment; however, he acknowledged that this might change as time goes on.
Ives noted that the AI war is likely to play out over the long-term, as several other businesses, in addition to Google, such as Apple, and Meta Platforms. Others are anticipated to invest “billions” of dollars cumulatively over the next years.
Ives noted that after all is said and done, the potential for AI in both the commercial sector and the consumer area is likely worth something in the neighborhood of $800 billion.
Featured Image: Unsplash @ Johny vino
Author Shariq Khan 
