Microsoft Unveils Copilot Chat to Accelerate AI Adoption for Businesses

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Microsoft launched a new AI service, Copilot Chat, on Wednesday, aiming to help businesses integrate on-demand AI agents for routine tasks. The service, which uses OpenAI’s GPT-4, is designed to make AI more accessible with a pay-as-you-go model that could drive widespread adoption. Copilot Chat allows users to create AI agents in natural languages, such as English and Mandarin, for tasks including market research, writing strategy documents, and meeting preparation.

While the basic service is free, additional features like summarizing and transcribing Teams calls and creating PowerPoint slides are available through a $30 monthly Microsoft 365 Copilot subscription. Microsoft, which has invested heavily in AI infrastructure, including a projected $80 billion this fiscal year on data centers and AI-related projects, is under pressure to demonstrate the financial return on these investments.

Despite some initial skepticism about Copilot’s uptake, as highlighted by a Gartner report, Microsoft has continued to promote the service. In November, the company started enabling customers to create autonomous AI agents requiring minimal human oversight, a move that some analysts see as a potential way for tech companies to monetize AI more efficiently.

 

Goldman Sachs CEO Hints at Potential End to Apple Card Partnership Before 2030

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Goldman Sachs CEO David Solomon indicated that the company’s credit-card partnership with Apple, currently set to run through 2030, might not last until the end of the contract. During an earnings call on Wednesday, Solomon noted that while there is an agreement in place, the partnership could end before 2030. He mentioned that the Apple Card has negatively impacted Goldman’s return on equity, with a decline of 75 to 100 basis points last year. However, Solomon expects this impact to improve by 2025 and 2026.

The business, which falls under Goldman’s platform solutions unit, reported an $859 million annual net loss in 2024. Reports also suggest that JPMorgan Chase is in discussions with Apple to potentially replace Goldman Sachs as the tech giant’s credit-card partner.

 

Trump Mulls Executive Order to Suspend TikTok Ban Enforcement

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U.S. President-elect Donald Trump is reportedly considering issuing an executive order that would suspend the enforcement of the law requiring the sale or ban of TikTok for a period of 60 to 90 days. The Washington Post, citing sources familiar with the matter, reported that Trump’s administration is contemplating this move as a way to delay the mandatory sale or ban set by a previous law, which is currently poised to take effect. This potential suspension would give Trump time to explore a political resolution to the ongoing concerns about TikTok’s operations in the United States.