Microsoft (MSFT.O), opens new tab said on Tuesday that Coca-Cola (KO.N), opens new tab had signed a $1.1 billion five-year deal to use its cloud computing and artificial intelligence services.
Under the agreement, Microsoft and Coca-Cola will “jointly experiment” with Azure OpenAI. That service uses technology from Microsoft-backed startup and ChatGPT creator OpenAI to let customers build chatbots and other AI services that run in Microsoft’s Azure cloud computing service.
Coca-Cola had in 2020 signed a five-year deal worth $250 million to use Microsoft’s cloud and business software.
Source: Reuters