AI Froth Trumps the Fed, Microsoft Hits a Record: The Week in AI

It’s insane to think that anything — much less the froth over AI — could prove a mightier force for the stock market than the hawkish saber rattling of the Federal Reserve. And yet, here we are.

Microsoft Corp. hit a record high, becoming the third mega-cap technology firm (after Nvidia Corp. and Apple Inc.) to scale new heights as it bakes generative AI into all things. To understand why the software giant is plowing billions of dollars into the technology, read our Big Take in Bloomberg Businessweek.