Microsoft launches AI tool for finance teams

Microsoft revealed its latest artificial intelligence (AI) tech on Thursday: a tool for finance departments that promises to handle tasks that would be outsourced.

The tech, dubbed Microsoft Copilot for finance, is part of the Windows maker’s strategy of tailoring new software to industries, professionals and individuals.

In a demo reported on by Reuters, Microsoft said that the solution would help users with finance tasks like reviewing data sets for risks and producing reports from raw data. It also showed how the tech could help customers generate emails or perform tasks based on information from CRM systems made by Microsoft or rival Salesforce.

The reveal follows launches of similar products marketed towards salespeople and customer-service representatives.

Earlier this week, Salseforce revealed its own rival AI assistant called Einstein Copilot. The company described it as “the world's number one AI for CRM,” and said that it combines “a conversational UI, a foundational large language model, and trusted company data that enables Salesforce users to tap into the power of generative AI and interact with their applications in entirely new ways.”



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