Since the year’s beginning, the competition for AI has gotten more intense. Microsoft will now introduce new AI capabilities for use on PCs and in the cloud at its annual Build conference, continuing along the same path.
Microsoft will Unveil New Features for the AI Cloud
According to a session roster released on Wednesday, CNBC reports that Microsoft is anticipated to present brand-new artificial intelligence technologies for use on PCs and in the cloud at its annual Build conference.
When it came to the company’s development, Nadella told investors in January that artificial intelligence (AI) would take center stage in 2019. The schedule for Microsoft’s May conference takes these goals into account. By providing new AI features for developers, Microsoft hopes to keep up the momentum. Due to customers utilizing AI models in the company’s Azure public cloud, revenue has increased significantly.
Tech Players Launch Product Reveals as AI Race Intensifies
Updated versions of the AI models created by Google, Mistral, and Sam Altman’s OpenAI were made public on the same day that Microsoft unveiled their new AI feature. This is happening in preparation for the upcoming major release of OpenAI’s GPT engine. After Facebook’s global affairs president Nick Clegg hinted that an improved version of Meta’s AI model, Llama, was in the works, a series of releases started.
Furthermore, at an event in London, Clegg talked about the release of Llama’s third version. A few hours later Google unveiled the Gemini Pro 1.5, a model that has been in development for a few months. With just a little amount of processing power, users were supposed to be able to accomplish a lot with this version.
In the Next Years, AI Growth Will Be Considerable
Given that artificial intelligence is being used in an increasing number of jobs, it is anticipated to become a significant development component. The current Nvidia expansion is a prime illustration of the significance of artificial intelligence to numerous major industry players. Artificial intelligence is expected to be a significant source of future revenue for IT organizations. From 2023 to 2030, the global AI market is projected to grow at a compound annual growth rate (CAGR) of 37.3%.