Microsoft Stock: GPT-4 Improves Microsoft Position In AI – Investor’s Business Daily
The release of the latest version of OpenAI’s artificial intelligence-powered chatbot will bolster Microsoft‘s (MSFT) position as a leader in the AI market, a Wall Street analyst says. Microsoft stock rose Wednesday despite a broad market decline.
Privately held OpenAI released GPT-4 on Tuesday, one year after version 3.5. GPT is short for generative pre-trained translator. It uses artificial intelligence to produce humanlike responses to questions and commands. It also powers the buzzy application ChatGPT.
Microsoft is a major investor in OpenAI and is using GPT-4 to power its Bing search engine and other applications. GPT-4 runs on Microsoft’s Azure cloud computing infrastructure.
Oppenheimer analyst Timothy Horan reiterated his outperform rating on Microsoft stock after the GPT-4 news. He also kept his price target on Microsoft stock at 280.
Microsoft Stock Rises On AI News
In morning trades on the stock market today, Microsoft stock climbed 0.5% to 262.20.
With GPT-4, the…
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source: https://news.oneseocompany.com/2023/03/15/microsoft-stock-gpt-4-improves-microsoft-position-in-ai-investors-business-daily_2023031542048.html
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