Multiple divisions at Microsoft have lowered sales growth targets for certain AI products after many sales staff missed goals in the fiscal year that ended in June, The Information reported on Wednesday.
It is rare for Microsoft to lower quotas for specific products, the report said, citing two salespeople in the Azure cloud unit.
Shares of the company, which is one of the biggest winners of the generative AI boom thanks to its early bet on ChatGPT-maker OpenAI, fell more than 2%. The stock has gained about 16% this year. finance.yahoo.com/news/microsoft-lowers-ai-softwar…
Yahoo Finance
Multiple divisions at Microsoft have lowered sales growth targets for certain AI products after many sales staff missed goals in the fiscal year that ended in June, The Information reported on Wednesday.
It is rare for Microsoft to lower quotas for specific products, the report said, citing two salespeople in the Azure cloud unit.
Shares of the company, which is one of the biggest winners of the generative AI boom thanks to its early bet on ChatGPT-maker OpenAI, fell more than 2%. The stock has gained about 16% this year.
finance.yahoo.com/news/microsoft-lowers-ai-softwar…
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