CNBC May 10, 2023
Key Points
– Through a strategic partnership, Microsoft plans to integrate Builder.ai’s own AI assistant Natasha in its Teams video and chat software to let customers build business apps within the platform.
– Microsoft has also taken an equity stake in Builder.ai. The companies declined to disclose the financial terms of the deal.
– The deal signifies a further bid by Microsoft to ramp up its efforts in AI, which has become a core focus for the company as it looks to become a leader in the technology.
LONDON — Microsoft invested an undisclosed sum into Builder.ai, a startup that helps companies make applications without any coding experience, doubling down on its artificial intelligence efforts.
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