Anjali Sharma
GG News Bureau
NEW YORK, 26th Jan. The Verge reported on Thursday that Microsoft, under the CEO Satya Nadella, has acquired several AI companies and invested over $10 billion into OpenAI.
Miicrosoft has reached the coveted $3 trillion mark and became the second company after Apple to achieve this feat, The Verge stated.
It reached a $3 trillion market cap, the first time in its 48-year history.
Microsoft reached the milestone valuation after its stock climbed 1.5 per cent in trading on Nasdaq late on Wednesday.
Tim Cook-led Apple hit the $3 trillion market cap two years ago.
Microsoft’s stock has been rallying in recent months, amid its artificial intelligence push along with OpenAI.
Microsoft’s stock price has moved from $107 to the current price of around $404 in past 5 years.
Nadella took charge of the company10 years ago, and acquired Minecraft developer Mojang, LinkedIn, GitHub, and Xamarin.
Microsoft surpassed Apple’s market cap to become the world’s most valuable public company for a brief period.
It has crossed the $3 trillion mark and stayed.
The company’s stock saw a big bump after it announced a steep price on Copilot for Microsoft 365, its AI-powered Office documents, the news media reported.
Microsoft has announced new AI features every now and then, The Verge added.
