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Like other big technology companies, Microsoft is hoping its aggressive spending on artificial intelligence is starting to translate into revenue.
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While many users see generative artificial intelligence (genAI) technology as automation tools that will eliminate many of today's jobs, most in the IT industry see it as a generator of knowledge jobs.
That's because genAI tools such as ChatGPT and Midjourney can help eliminate mundane tasks, freeing up workers to take on more valuable creative roles and be more productive.
GenAI is also expected to "democratize jobs." That is, the technology will enable employees without computer science degrees to create applications using AI-augmented coding. Already, many companies see that possibility as genAI's "low-hanging fruit."
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Baidu reported stronger-than-expected revenue in the most recent period, driven by its search-engine business and artificial-intelligence initiatives.
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