tl;dr
The Coca-Cola Company (NYSE:KO) has announced a five-year strategic partnership with Microsoft (MSFT) to accelerate its cloud and generative AI capabilities. As part of the partnership, Coca-Cola has made a $1.1B commitment to the Microsoft Cloud and its generative AI capabilities. The collaboration...
The Coca-Cola Company (NYSE:KO) has announced a five-year strategic partnership with Microsoft (MSFT) to accelerate its cloud and generative AI capabilities. As part of the partnership, Coca-Cola has made a $1.1B commitment to the Microsoft Cloud and its generative AI capabilities. The collaboration underscores Coca-Cola's ongoing technology transformation, underpinned by the utilization of Microsoft Cloud as its globally preferred and strategic cloud and AI platform. The partnership will see Coca-Cola and Microsoft jointly experiment with groundbreaking new technology like Azure OpenAI Service to develop innovative generative AI use cases across various business functions. This includes testing how Copilot for Microsoft 365 could help improve workplace productivity, potentially leading to bottom-line benefits down the road. Notably, Coca-Cola has migrated all its applications to Microsoft Azure, with most major independent bottling partners following suit. The company has been innovating with generative AI for nearly a year and has already leveraged Azure OpenAI Service to reimagine everything from marketing to manufacturing and supply chain, and beyond. The financial impact and expected productivity boost from these efforts are still undetermined. Additionally, the Atlanta-based company is exploring the use of generative AI-powered digital assistants on Azure OpenAI Service to help employees improve customer experiences, streamline operations, foster innovation, gain a competitive advantage, boost efficiency, and uncover new growth opportunities. It's worth noting that shares of Coca-Cola opened Monday with a 0.35% dip after PepsiCo lowered its full-year profit guidance.
More about The Coca-Cola Company
The Coca-Cola Company Summary The Coca-Cola Company is an American multinational beverage corporation incorporated under Delaware's General Corporation Law and headquartered in Atlanta, Georgia. The Coca-Cola Company has interests in the manufacturing, retailing, and marketing of nonalcoholic beverage concentrates and syrups.
Key Metrics:
Manufacturing: Beverages
Market Cap: 261.04 Billion
PE Ratio: 24.51
EPS: 1.84
Dividend Yield: 2.47%
Beta: 10.58
ROE: 0.234
Sales: 45.75 Billion
Volatility: 66.61
Performance: -0.005 (1 week), 0.072 (1 month)
More about Microsoft Corporation
Microsoft Corporation is an American multinational technology company which produces computer software, consumer electronics, personal computers, and related services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue; it was the world's largest software maker by revenue as of 2016. It is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Amazon, and Facebook.
Industry: TECHNOLOGY
Sector: SERVICES-PREPACKAGED SOFTWARE
Market Cap: 297.93 billion
Current Price: $36.25
Price Change: $2.86
Change Percentage: 11.06%
Volume: 30.61 million
Dividend Yield: 0.363
Shares Outstanding: 2.275 billion
Revenue: $227.58 billion
EPS: $462.44
P/E Ratio: 0.332
Beta: 0.176
More about PepsiCo Inc
PepsiCo Inc Summary PepsiCo, Inc. is an American based multinational food, snack, and beverage corporation headquartered in Harrison, New York, in the hamlet of Purchase. PepsiCo's business encompasses all aspects of the food and beverage market. It oversees the manufacturing, distribution, and marketing of its products.
Industry: Manufacturing, Beverages
Market Cap: $242.55 billion
P/E Ratio: 26.9
EPS: $4.945
Dividend Yield: 6.56%
52-Week High: $66.48
52-Week Low: $0.0992
Revenue: $91.47 billion
Operating Income: $18.74 billion
Return on Equity: 1.521
Net Margin: -0.005
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