Microsoft has officially started rolling out Artificial Generative Intelligence to its products with the launch of Copilot for Microsoft 365 for everyone. You can now use advanced AGI capabilities across MS 365, including Teams, Bing Chat Enterprise, and Office Suite applications like Microsoft Word, Excel, PowerPoint, Outlook, and more. You can generate content with the natural language prompt, which generates a response based on your prompt.
The company wants to revolutionize Office and other MS 365 applications with the Copilot integration. This will involve overhauling their servers by allowing users to summarise documents, generate emails, and improve productivity instantly. The Office Suite from Microsoft is always considered one of the best and most comprehensive packages available and is often used in the workplace. So let us look at what is new in intelligence tools with Office Software called Microsoft 365 Copilot. For this, we need to pay $30 per user per month.
Microsoft 365 CoPilot Pricing
The company has already started rolling out the CoPilot update in preview to a handful of 600 organizations using Microsoft 365 E3, E5, Business Standard, and Business Premium. This is done via a paid early access program. Most users already pay for a Microsoft 365 subscription, and to make this more transparent, the company has also made several changes to the windows Settings in the account, from where users can check the Microsoft 365 plans and usage.
It is quite expensive, and the company is still in the early stages of efficient resource use. The price jump is due to the company’s high investment in AI-powered technology, which requires many GPUs. To access Microsoft 365 Copilot, users need a Microsoft 365 E3 license that includes Office apps, Teams, SharePoint, OneDrive, and other productivity apps.
- Microsoft 365 E3 will cost $36 per user per month.
- Microsoft 365 E5 will cost $57 per user per month.
- Microsoft 365 Business Standard will now cost $12.5 per user per month.
- As for Microsoft 365, CoPilot access for E3, E5, Business Standard, and Business Premium customers will cost $30 per user per month.
To lower the price, Microsoft is looking at various ways, including investing in its infrastructure to develop chips to reduce costs. Also, Microsoft wants to avoid costly Nvidia dependence. Microsoft also plans to offer a standalone Bing Chat Enterprise for $5 per user per month as an add-on.
Later this year, Microsoft will also roll out Windows CoPilot. This will boost the ecosystem and Microsoft 365 integration, improving everything. Microsoft is testing Windows CoPilot via the Microsoft Insider Programme in beta channels.
MS365 CoPilot Early Access
It is currently in the beta phase, and users must enroll in the preview to access Microsoft 365 CoPilot. It is said to be available to everyone in the coming weeks, with future updates, without joining a waitlist. However, Microsoft has not shared any timeline for releasing CoPilot to everyone, and here are some apps on which copilot is available.
- Microsoft Team
- Microsoft Loop
- Microsoft Viva
There is a learning curve, but with the overall advancement of the Microsoft 365 package, it has become more appealing. Some reports argue that Microsoft is looking to recoup its investment through these offerings. The expensive CoPilot pricing will also increase employee productivity, which gets more work done. It could reduce the need to hire new staff.
Benefits of Using Microsoft 365 CoPilot
More than 70% of employees prefer AGI to speed up repetitive work or boost productivity. For those companies that have released Bing Chat Enterprise and other privacy safeguards, it is now available to avoid sharing data or being trained in the AI language module. Major tech companies like Samsung, Verizon, JPMorgan Chase, Citigroup, Apple, and Goldman Sachs, among others, ban AGI models in their workspaces.
With CoPilot, Microsoft will use the most advanced OpenAI model that will assist users in generating spreadsheet data or speeding up Excel sheet analysis. It can also summarise and draft emails in Outlook. It can also answer business data like documents, emails, calendars, chats, meetings, and contacts. This will improve overall work efficiency across the entire MS 365 workspace.
The company has announced Bing Chat Enterprise, Team Copilot, MS Office, and various platforms in the coming weeks. This announcement comes after Google Workspace announced artificial general intelligence with Duet into Gmail, Docs, and more. Microsoft CFO Amy Hood said that Microsoft CoPilot would be the fastest business to hit $10 billion after the launch of Microsoft CoPilot; Microsoft’s share price gained as much as 3.8% to $358.95 in New York. This is a record intraday high for the stock. As reports suggest, the enterprise AI market will reach $88 billion by 2030.