According to Cointelegraph, Microsoft reached a valuation of $3 trillion on January 24, becoming the second company to breach the mark. Its success is expected to be attributed to the rise of general artificial intelligence (AI) technologies and the market boom in the wake of OpenAI’s ChatGPT launch last year.
It is believed that the rise comes as generative AI products and services continue to perform well in both consumer and enterprise markets, added Cointelegraph.
Microsoft’s $13 billion investments in OpenAI can be the force behind the company’s current ascension. With insights from Forbes, OpenAI can post another all-time high for sales during its next quarter report, amounting to about $61 billion.
Industry experts are still waiting to see what Apple does next. Furthermore, Cupertino-based company plans to unveil major AI updates to Siri, iOS and the iPhone soon, but there’s nothing official to report yet, concluded Cointelegraph.
(With insights from Cointelegraph)
