Microsoft shares on pace to notch record high close, valuation near US$2.6 trillion

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Microsoft shares on pace to notch record high close, valuation near US$2.6 trillion
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NEW YORK: Microsoft Corp shares are on course for a new record high close on Thursday as market optimism about the prospects of artificial intelligence (AI) has helped buoy the technology giant to a valuation of nearly US$2.6 trillion. Microsoft is seen as a leader in the adoption of AI technology in the s

NEW YORK: Microsoft Corp shares are on course for a new record high close on Thursday as market optimism about the prospects of artificial intelligence has helped buoy the technology giant to a valuation of nearly US$2.6 trillion.

Last month, Microsoft began rolling out a host of AI upgrades, including ChatGPT, to Azure cloud services as well as its search engine Bing - in a move that seeks to challenge the dominance of Alphabet Inc's Google.

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