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The Coca-Cola Company and Microsoft announce five-year strategic partnership to accelerate cloud and generative AI initiatives [Yahoo! Finance]
Last coca-cola company (the) earnings: 4/21 05:55 am
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US:NYSE Investor Relations: coca-colacompany.com/investors
partnership to align Coca-Cola's core technology strategy systemwide; enable the adoption of leading-edge technology; and foster innovation and productivity globally. As part of the partnership, Coca-Cola has made a $1.1 billion commitment to the Microsoft Cloud and its generative AI capabilities. The collaboration underscores Coca-Cola's ongoing technology transformation, underpinned by the Microsoft Cloud as Coca-Cola's globally preferred and strategic cloud and AI platform. Through the partnership, the companies will 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. "Through our long-term partnership, we've made significant progress to accelerate systemwide AI transformation across The Coca-Cola Company and its network of independent bottlers worldwide," said Judson Althoff
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NEWS
- The Coca-Cola Company (NYSE:KO) Q1 2024 Earnings Call Transcript [Yahoo! Finance][Yahoo! Finance]
- The Coca-Cola Company (NYSE: KO) had its price target raised by analysts at Barclays PLC from $68.00 to $69.00. They now have an "overweight" rating on the stock.[MarketBeat]
- The Coca-Cola Company Announces Election of Corporate Officers and Declares Regular Quarterly Dividend[Business Wire]
- Coca-Cola: Earnings Not Enough To Support Uptrend (Technical Analysis) [Seeking Alpha][Seeking Alpha]
- The Coca-Cola Company (NYSE: KO) had its price target raised by analysts at UBS Group AG from $70.00 to $72.00. They now have a "buy" rating on the stock.[MarketBeat]
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