Microsoft's strategy of integrating AI into its software is showing early success with a 10% increase in revenue from consumer subscriptions to Office 365 compared to a year ago.
The company raised the price of its software by 30% in January and may extend similar price hikes to corporate Office 365 users, considering the positive response.
Microsoft is offering enterprise users AI features like an AI chatbot for $30 per month per user, providing functionalities such as document search, meeting transcriptions, and email creation.
In other news, Microsoft announced price increases for Xbox consoles, controllers, and first-party games, citing market conditions and rising development costs.