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Coca-Cola Invests $1.1 Billion in Collaborative Generative AI Project with Microsoft

Coca-Cola inked a $1.1 billion five-year partnership deal on April 23 with Microsoft to explore and integrate the tech company’s cloud and artificial intelligence (AI) solutions across the beverage giant’s global operations.

According to the Coca-Cola AI agreement with Microsoft, the beverage production company will collaborate on experimenting with its Azure cloud computing platform.

Coca-Cola AI Investment Opens Access to Microsoft’s Copilot

Additionally, Coca-Cola will test Microsoft’s Copilot offerings to evaluate how these tools can drive productivity across its various business functions. Copilot is an AI assistant that summarizes lengthy email discussions and constructs business presentation slide decks, among other functions.

This partnership would see Coca-Cola expand its use of other conventional Microsoft software, such as Dynamics 365, Power BI, Defender and Fabric, to improve scalability and foster innovation around its system.

Today, @CocaColaCo and @Microsoft announced an expanded partnership, including a $1.1B commitment from Coca-Cola to the Microsoft Cloud and its generative AI capabilities to help “quench their thirst” for innovation. Learn more: https://t.co/ivLc8pYPmn

— Microsoft News and Stories (@MSFTnews) April 23, 2024

In response to the Coca-Cola AI investment, Barry Simpson, Senior Vice President and Chief Information and Integrated Services officer at the beverage company, expressed excitement and future projections.

“At The Coca-Cola Company, innovation and growth are key pillars of our business,” Barry Simpson said. “This partnership with Microsoft allows us to really step change our employee experience by replacing previously disparate and fragmented systems. These platforms allow us to deliver relevant, personalized experiences as we network our organization.”

This latest partnership follows a previous five-year agreement, announced on April 27, 2020, which was structured to simplify Coca-Cola’s business operations on Microsoft’s cloud platform. The goal was to deliver improved digital experiences to modernize how the company engages with its employees and customers. The 2020 agreement included a $250 million commitment.

Microsoft AI Projects Continue to Expand

Since the introduction of OpenAI’s generative AI chatbot series, there has been an increasing interest in adopting AI technology. This has opened doors to partnerships between companies, as evidenced by Coca-Cola and Microsoft, including the synergy between US chipmaker Nvidia and Vietnam’s FPT to build an AI factory.

Microsoft has embarked on a series of AI project collaborations and investments in its bid to have a strong foothold in the AI sector.

In a press release dated April 22, Microsoft and Cognizant announced an expansion of their global partnership. The partnership will merge their AI and digital transformation expertise to drive AI adoption, with a focus on industries that have not experienced a major disruption in decades.

To achieve these goals, Cognizant will deploy Microsoft 365 Copilot “to a million users within their global 2000 clients and across 11 industries.”

.@Microsoft‘s investment in @G42ai will enhance the UAE’s position as a leading #AI hub and provide digital infrastructure and services to help underserved nations innovate and grow. We will combine world-class technology with world-leading standards for safe, trusted, and…

— Brad Smith (@BradSmi) April 16, 2024

Earlier this month, Microsoft invested $1.5 billion into G42, an AI-based company in the United Arab Emirates (UAE). The investment would see G42 leverage Microsoft’s Azure cloud computing platform to power its AI services and applications.

The post Coca-Cola Invests $1.1 Billion in Collaborative Generative AI Project with Microsoft appeared first on Cryptonews.

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