Microsoft 365 Copilot will run you $30 per user per month for Microsoft 365 E3, E5, Business Standard and Business Premium customers.
The news, announced at Microsoft Inspire in Las Vegas, fleshes out the price tag for generative AI capabilities embedded into Microsoft's portfolio. Microsoft said Microsoft 365 Copilot will be embedded throughout Microsoft’s portfolio including Word, Excel and PowerPoint and inherits existing Microsoft 365 security, privacy, identity and compliance policies. Data will be isolated.
Microsoft has 600 enterprise customers in the Microsoft 365 Copilot paid Early Access Program. Enterprises have been cutting licensing costs and it'll be interesting to see whether CXOs give Microsoft 365 Copilot to every employee with access to Office or pick and choose roles. It also remains to be seen how enterprises pick and choose vendors for generative AI.
Constellation Research analyst Holger Mueller said:
"Microsoft keeps rolling out generative AI capabilities across it is products and now it's the turn of the enterprise offerings, as part of the Office franchise. To have an AI powered assistant can be very helpful to the knowledge worker and positively changes the future of work. And we finally have a price tag for or the service at $30 per month. That is not much for an assistant that delivers productivity gains, when it delivers 2-3 hours of time savings a month. The interesting aspect: This is going to be more than the office license after 3-5 months. This plan shows both the commoditization of Office, how expensive generative AI is and how important it is for revenue growth at Microsoft."
Inspire is Microsoft's partner conference. Here's a rundown of what was announced.
- Microsoft rolled out Bing Chat Enterprise, which aims to keep enterprise data segmented while providing generative AI insights via Web data with citations to workers. Bing Chat Enterprise is in preview and included at no cost for Microsoft 365 E3, E5, Business Standard and Business Premium. in the future, Bing Chat Enterprise will be $5 per user per month.
- The software giant added Visual Search in Chat to Bing Chat using OpenAI's GPT-4 model. Users can upload images and search the web for related content.
- Microsoft Sales Copilot gets new features within Dynamics 365 Sales. Features include opportunity summaries, email drafts and meeting prep.
- Power Automate Process Mining is now generally available with low-code tools, process mining, automation suggestions and task mining within the platform.
- Meta and Microsoft forged a partnership that will support the Llama family of large language models on Azure and Windows. Microsoft will be Meta's preferred partner when Llama 2 is released to commercial customers.
- Azure OpenAI Service adoption has been expanded to 4,500 customers with more availability in North America and Western Europe. The service is also available in Asia now.
- Microsoft and healthcare software giant Epic have expanded their partnership. Epic has integrated Azure OpenAI Service into its electronic health record platform. Microsoft will also embed its clinical documentation tools via Nuance into Epic. Epic customers are also using Azure Large Instances. The Microsoft and Epic partnership is notable given Oracle's healthcare expansion plans via the Cerner acquisition.
- And finally, Microsoft launched its Microsoft AI Cloud Partner Program, which includes incentives and co-selling opportunities as well as training content.