Microsoft and others are making new tools to help small businesses capitalize on A.I.

Posted under: SMB
Date: 2024-01-24
Microsoft and others are making new tools to help small businesses capitalize on A.I.

The influx of generative artificial intelligence software is transforming small businesses. Generative artificial intelligence (A.I.) tools like OpenAI's ChatGPT and Google's Bard are revolutionizing small businesses, aiding tasks such as grammar checks, marketing copy enhancement, and business plan research. Microsoft's Copilot, priced at $30 per employee per month, now extends its services to all companies, enabling even small businesses to leverage A.I. for tasks like summarizing emails and drafting conversational emails in Outlook. MasterCard is testing a product, MasterCard Small Business A.I., designed to assist small business owners in analyzing data and accessing resources for growth, incorporating information from MasterCard's content library and media partners focused on inclusivity. The tool is set to be piloted in the U.S. with global expansion plans later on.

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