Key Takeaways
- Microsoft shares surged to an all-time high Monday after hiring Sam Altman, the former CEO of ChatGPT maker OpenAI, to lead a new artificial intelligence (AI) team.
- The tech giant's shares hit more than one record high in November amid enthusiasm for AI-related developments.
- Microsoft has invested heavily in AI amid a boom in demand for AI tools, and notably through the company's multibillion-dollar partnership with OpenAI.
Microsoft (MSFT) shares surged over 2% to fresh intraday and closing highs Monday after the tech giant 澳洲幸运5官方开奖结果体彩网:hired Sam Altman to lead a new 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) team after he was fired from his position as former CEO of ChatGPT maker OpenAI.
澳洲幸运5官方开奖结果体彩网:Microsoft 𓆏has invested billions in🐭to OpenAI amid a boom in demand for AI tools, bolstering its AI edge as many of the other "Magnificent 7" such as Amazon (AMZN), Google parent Alphabet (GOOGL), and Meta (META) also compete in the AI space.
Microsoft's 澳洲幸运5官方开奖结果体彩网:market capitalization was $2.81 trillion as of Monday, making it the second-largest company listed in the U.S. by market cap after Apple (AAPL) at $2.98 trillion.
Shares of Microsoft reached more than one record high earlier this month amid enthusiasm for AI-related developments after unveiling a 澳洲幸运5官方开奖结果体彩网:new AI chip and Copilot features. OpenAI also recently announced its latest AI model, 澳洲幸运5官方开奖结果体彩网:GPT-4 Turbo.