Previous Close | 36.45 |
Open | 35.77 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 395.00 |
Expire Date | 2025-06-20 |
Day's Range | 35.77 - 36.45 |
Contract Range | N/A |
Volume | |
Open Interest | 303 |
We're finally into the "show me" portion of the AI narrative, and Coca-Cola and Microsoft's new deal might be a glimpse of what the near-term future will be like for AI.
Upcoming quarterly reports from U.S. tech giants may show Microsoft is closing the gap on cloud-computing market leader Amazon.com as more businesses switch to its services, attracted by a clutch of generative AI features that are powered by OpenAI's technology. The Redmond, Washington-based software giant has beaten rivals Amazon and Google-parent Alphabet to the market with AI services including the Copilot, a set of genAI tools that work in Microsoft's business apps, that was rolled out in November for $30 a month. Its earnings on Thursday will be an indicator of AI adoption and could influence the movement of technology stocks as a rally in the sector eases this month amid worries that interest rates in the U.S. could stay high for longer.
Tech giant Cisco Systems on Wednesday joined Microsoft and IBM in signing onto a Vatican-sponsored pledge to ensure artificial intelligence is developed and used ethically and to benefit the common good. Cisco Systems chief executive Chuck Robbins signed the document, known as the Rome Call, and met privately with Pope Francis, the Vatican said. The document was unveiled and signed at a Vatican conference on Feb. 28, 2020 — just before Italy locked down as a result of the COVID-19 pandemic — by Microsoft’s Brad Smith and IBM’s John Kelly III. Universities, U.N. agencies, private corporations and nongovernmental organizations have signed on as well.