- The market expects that Microsoft (MSFT.US) is likely to unveil new information related to ChatGPT
- The event will start around 18:00 - 21:00, GMT (10 AM - 1 PM, Los Angeles Time)
- The conference may bring higher volatility to Microsoft shares and AI companies like C3.ai (AI.US)
- Microsoft's event follows the company's January announcement of a new long-term investment in OpenAI, following previous two funding rounds in 2019 and 2021
Microsoft on Monday said it will hold a major event today, at . It did not officially reveal that it would be related to artificial intelligence. Markets circulated speculation that the affair would be related to AI after Microsoft CEO Satya Nadella met with OpenAI CEO Sam Altman in Redmond. In addition, the giant announced the event minutes after Alphabet (Google) announced the creation of 'Bard' it's own competitor to ChatGPT.
Built by OpenAI, ChatGPT automatically generates advanced creative text based on a powerful database. An automated AI image generator, Dall-E, has also attracted interest. 'Generative' AI turned out to be a 'technological hit,' with some people associated with the new technology industry starting to compare the event to the debut of the iPhone, in 2007. More recently, analysts at investment bank D.A.Davidson, indicated that the new AI tools being built by C3.ai could mean a revolution for the industry, similar to system Windows.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appShares of Microsoft (MSFT.US) and C3.ai (AI.US, gold chart), D1 interval. The stocks have risen above the 200-session average (red line) in an attempt to reverse the downtrend. We can also see that there is a bullish double-bottom formation in the vicinity of $215, there is also a key support there. Comparing the price charts of the two companies, we see that the market reacted euphorically to the new AI trend, C3.ai shares have gained more than 150% since the beginning of the year. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.