Microsoft turns 50 as the world's second largest company—trying not to fall behind on AI [Fortune]

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Source: Fortune
As the company, founded with a vision of putting computers in every home and office, celebrates its 50th anniversary on Friday, it is looking to boost its fortunes by being a leader in the fast-developing field of artificial intelligence (AI). “From a storytelling standpoint, they've been a boring company and a boring stock,” eMarketer analyst Jeremy Goldman said of the Richmond, Washington-based behemoth. “It's funny because they have a $2.9 trillion market cap, and that is huge,” he continued, referring to Microsoft's value based on its share price. The only company with a higher market cap is iPhone maker Apple Cloud computing is fueling Microsoft's revenue with the help of its ubiquitous Office software, now hosted online and no longer rele
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