|Day's range||73.35 - 73.35|
The stock market's unrelenting volatility is continuing this week. Wall Street has been unable to establish a consistent direction as investors weigh the impact of recent high-profile bank failures against the Federal Reserve's ongoing battle with inflation and the still-resilient U.S. job market. Despite the uncertainty, a broad cross-section of stocks rallied Thursday morning as investors digested the latest unemployment figures.
Artificial intelligence storytelling startup Tome has seen its user numbers triple in a month to 3 million and is planning to launch a paid subscription in the coming weeks, Chief Executive Keith Peiris told Reuters, as AI products grow in popularity. Tome is also adding a document-to-presentation feature powered by GPT-4, the latest foundation model released by Microsoft-backed OpenAI. The feature enables users to turn a document of up to 25 pages into AI-generated slides with text and soon photos, competing head-to-head with Microsoft's AI "Copilot".
What artificial intelligence (AI) will look like in a few years and how exactly some companies will benefit from it are still unclear, but even with a lot of unknowns, it's becoming crystal clear that Microsoft (NASDAQ: MSFT) is trying to establish itself as an AI leader. Not only has Microsoft already invested in OpenAI to advance its artificial intelligence developments, it has also moved quickly to put ChatGPT into its core products, including Office 365 and Azure. Here's why the company's early moves could pay off.