Microsoft forms new AI-focused group

Investing.com -- Microsoft (NASDAQ:MSFT ) is establishing a new group dedicated to the development of artificial intelligence (AI) applications and providing tools for external customers, CNBC reported on Monday. The group, named Core AI - Platform and Tools, will be guided by Jay Parikh, the ex-CEO of cybersecurity startup Lacework and previous global head of engineering at Meta (NASDAQ:META ).

Microsoft CEO Satya Nadella shared the information in a memo to employees, which was also released as a blog post. Nadella outlined the group's objective as building the comprehensive Copilot & AI stack for both Microsoft's internal and external customers, enabling the creation and operation of AI applications and agents.

The formation of the new group follows Microsoft's hiring of DeepMind co-founder Mustafa Suleyman 10 months prior, to lead Copilot AI initiatives. Suleyman holds an executive vice president position, reporting directly to Nadella.

In the same announcement, Nadella confirmed that Parikh will collaborate closely with Suleyman and Scott Guthrie, who oversees cloud, technology chief Kevin Scott, and other top tech leaders at Microsoft. Parikh joined Microsoft in October as an executive vice president, also directly reporting to the CEO.

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Source: Investing.com