From “Nasdaq”:

In 2023, AI experienced rapid growth, with Microsoft’s Copilot AI phone app recently launching on iOS and Android. Utilizing large language models, it helps users with clerical tasks. The move comes after a successful first update, solidifying MSFT’s position in AI development and bringing the innovative technology to a broader audience.

As an extension beyond the Bing and Cortana era, Copilot represents a blend of enterprise and consumer-driven AI technology. Zeno Mercer, a senior research analyst at VettaFi, sees it as a smart move from Microsoft to cater to individual needs, maximizing user preferences.

This marks further innovation in AI technology, with Copilot having already been downloaded over 1.5 million times on iOS and Android. The broader global app market had already reached over $420 billion in revenue in 2022, offering investors the chance to capitalize on AI through ETFs like the iShares U.S. Technology ETF (IYW).

The expansion of AI technology into phone apps has the potential to substantially impact the app economy, with firms like Microsoft leading the charge. The broader AI investing lens can help investors access the potential growth of innovative technologies like Copilot. For more news and information, visit the Artificial Intelligence Channel and ETFTrends.com.



Read more: An AI Phone App? Microsoft’s Copilot Hits iOS, Android