Microsoft is rising after announcing that it's partnering with Xiaomi to make AI and cloud computing devices
Advertisement
Advertisement
Advertisement
- Shares of Microsoft jumped 2.39% after announcing that the Washington-based company has joined forces with Chinese tech giant Xiaomi in a close collaboration on cloud computing, artificial intelligence, and hardware.
- The two companies signed a memorandum of understanding under which Microsoft will allow Xiaomi to leverage Microsoft's cloud computing products, including Azure, for Xiaomi's phones, laptops, and smart devices. The partnership will give Microsoft more access to the Chinese market.
- There are also discussions about a possible integration between Microsoft Cortana, the company's artificial intelligence assistant, and Xiaomi's Mi AI speaker.
- The pair have also talked about integration of Microsoft's conversational AI and speech software for services like Bing, Edge, and Skype.
- The memorandum is not legally binding, according to The Verge.
- Microsoft was trading at $93.87 per share, and was up 9.28% for the year.
- Follow Microsoft's stock price live here.
EXCLUSIVE FREE REPORT:
The AI 101 Report by the Business Insider Intelligence Research Team.
Get the Report Now »
Advertisement
- Exploring the world on wheels: International road trips from India
- 10 worst food combinations you must avoid as per ayurveda
- Top seeds that keep you cool all summer
- 8 mouthwatering mango recipes to try this season
- India's hidden gems where the thermometer doesn't cross 20 degrees
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market