Microsoft Hits $3 Trillion Valuation on Strength of AI Investments and Cloud Growth
• Microsoft has surpassed a $3 trillion valuation, becoming only the second company after Apple to hit this milestone
• The achievement follows Microsoft's increased investment and focus on artificial intelligence (AI) products and projects
• Last year, Microsoft invested $10 billion in various AI initiatives to lead in the AI space over competitors like Google and Meta
• Microsoft has incorporated AI features like the Copilot assistant into its software and formed a partnership with Vodafone to provide AI services
• As the #2 cloud computing provider, Microsoft is also developing its own AI chips to power artificial intelligence tools, competing with Amazon and Google