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Microsoft's Specialised 'Copilot' Approach Customises AI For Financial Teams

Microsoft's Specialised 'Copilot' Approach Customises AI For Financial Teams
A preview of an artificial intelligence tool for clients' financial departments was given by Microsoft on Thursday. This is a part of their aim to customise new software for specific professions, sectors, and eventually individuals.
According to the company, their product, Microsoft Copilot for Finance, assists customers in producing reports from unprocessed data, evaluating data sets for hazards, and generally performing jobs that they may otherwise outsource. Pricing and the release date for broader availability were not disclosed.
The new AI tool is modelled after ones that Microsoft has marketed for customer support and sales reps.

In addition to the monthly subscription fees for the software required to use these technologies, like its $30 Copilot for Microsoft 365, those usually cost $20 per user.
Corporate vice president Emily He informed reporters that Microsoft might customise upcoming Copilots for supply-chain and marketing tasks.
Salesforce, which focuses heavily on sales and service, is a competitor of the business that is attempting to offer AI that manages such duties. Salesforce revealed on Tuesday that Einstein Copilot, a rival AI assistant, is now available.
Microsoft showed off its specialised AI at a media event in San Francisco, showing how it might use Salesforce or its own "customer relationship management" (CRM) systems to assist customers create emails or complete tasks.
Sellers will need a CRM "far less, maybe never in the future, because Copilot will basically go and keep the CRM up to date and pull the information from the CRM," Microsoft corporate vice president Charles Lamanna told reporters.
According to Lamanna, these systems will continue to be used actively in the background, but the business models that underpin them might alter.

Christopher J. Mitchell

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