Microsoft Tops Apple As Most Valuable Public Company Thanks To AI
deadline.comPowered by its artificial intelligence assets, Microsoft has leapfrogged Apple to become the most valuable public company. According to Bloomberg, Microsoft’s market value finished the week at $2.88 trillion, compared with Apple’s $2.86 trillion.
Over the past year, Microsoft has added about $1 trillion in value, as fascination with generative AI (a major point of contention in Hollywood’s dual strikes) increased.
Shares in Microsoft finished Friday’s trading at $388.47, up 1% and near an all-time high. Apple’s stock has also been within range of record territory, though it closed the day up only a fraction at $185.92.
OpenAI, the maker of ChatGPT, is partly owned by Microsoft. The tech giant invested $10 billion in it last year, making a claim on a large chunk of the profits made by its for-profit arm.
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