Microsoft is set to launch a new AI tool called Microsoft 365 Copilot, which will come at a price of $30 per month for each user. The tool is currently in its early access stage, but once it becomes widely available, it will be available to customers who use E3, E5, Business Standard, and Business Premium. This move by Microsoft follows its introduction of Bing into the Edge browser earlier this year, which was referred to as a copilot for the web.
In addition to the introduction of Microsoft 365 Copilot, Bing Chat will also be made available to Microsoft 365 enterprise users in a preview version. What makes this offering particularly enticing is the pricing, as users who already have Microsoft 365 E3, E5, Business Standard, and Business Premium will be able to access Bing Chat Enterprise at no additional cost. In the future, Bing Chat will also be available as a standalone product for $5 per month.
One of the key selling points of Microsoft’s new AI tool is privacy. The company assures users that their AI-powered chat data will be protected and will not be exposed outside of the organization. Microsoft emphasizes that chat data will not be saved, and the company itself will not have access to view the data. Furthermore, the data will not be used to train the AI models.
In an attempt to keep up with its competitor Google, Microsoft is also introducing multimodal capabilities, which will allow users to use images in Bing Chat to conduct searches. This feature, known as Visual Search, adds a new dimension to the chat experience.
The use of AI chatbot technology has been expanding rapidly across various applications, including helping with coding, college applications, and even dating apps. In the business and enterprise space, AI has the potential to become a powerful force. Google has already been testing its Duet AI for Google Workspace, which brings AI capabilities to platforms such as Gmail and Docs to assist users in writing.
According to Verified Market Research, the enterprise AI market is projected to reach $88 billion by 2030. This growth indicates the increasing importance of AI technologies in the business world, and it is not surprising that companies like Microsoft are investing heavily in this space.
Microsoft’s introduction of Bing Chat Enterprise is just another example of the company’s commitment to AI. Earlier this year, Microsoft made a significant investment in OpenAI, the creator of ChatGPT, and integrated its technology into Bing.
Overall, Microsoft is capitalizing on the potential of AI with its new tool, Microsoft 365 Copilot, and the addition of Bing Chat Enterprise. With a focus on privacy and the incorporation of multimodal capabilities, Microsoft is positioning itself as a strong player in the AI market.
