Forget OpenAI, Here's the New AI Start-Up Set to Boost Microsoft Stock

By now, investors are well aware of the $13.5 billion investment into OpenAI by Microsoft (MSFT) - including the $10 billion it earmarked for the artificial intelligence (AI) start-up in January 2023. That major move into AI lit a fire under Microsoft’s stock, which is up by more than 56% in the past 52 weeks.

There will be more stock gains to come as Microsoft wisely diversifies its bet on AI, rather than putting all of its “eggs” into OpenAI’s “basket.” For example, on Feb. 26, it was announced that the company had struck a deal with French artificial intelligence start-up Mistral.