Microsoft is all in on AI.⁠ ⁠ With its huge investment in OpenAI, and the use of its ChatGPT tools in services like Bing and Windows OS, the company is feeling good about its position in the skyrocketing field.⁠ ⁠ At an event Monday, Microsoft finance chief Amy Hood touted their good fortune, predicting their AI business will soon produce $10 billion in annual recurring revenue.⁠ ⁠ Investors clearly liked that news, with JPMorgan lifting its price target for the tech giant from $315 to $350, and shares of the company hitting a record high on Thursday.⁠ ⁠ #microsoft #ai #openai #azure #artificialintelligence #businessnews #technews