Microsoft unveils AI-powered Bing Chat Enterprise

Microsoft shares closed at a record high on Tuesday after the tech giant announced its AI productivity software Microsoft 365 Copilot will be priced at $30 per user, per month. Microsoft (MSFT) also debuted Bing Chat Enterprise, a new chat tool that offers businesses concerned about using generative AI more protection and security controls. In an interview with Yahoo Finance Live, Microsoft Corporate Vice President and Chief Consumer Marketing Officer Yusuf Mehdi says that overall, the corporate interest in AI isn’t letting up. “There is tremendously broad excitement for the power of AI” and that Microsoft has “gotten lots of inbound demand for it,” Mehdi said.