Sign up for our free daily newsletter
Get the latest news and some fun stuff
in your inbox every day
Microsoft is about to turn 50 years old. The company was founded in 1975 by Bill Gates and Paul Allen, when they created a basic operating system for the Altair 8800 microcomputer.
Today, it's one of the world's most valuable companies, headquartered in Redmond, Washington. It sells office software, operating systems, Internet services, cloud computing, artificial intelligence, video gaming software and electronic devices.
Microsoft made three key shifts in the last decade which were all initiated by CEO Satya Nadella. The first was switching their software away from up-front sales to subscription services. The second was creating their cloud offerings, now representing 60% of group revenue. The third was to embrace AI to power all software tools, which is the future of their business. The last move was effected through a massive investment in OpenAI.
We are happy holders of Microsoft in our New York portfolios. Wired magazine did a great write up about the company, which you can read here. We've profiled this article before, but it's really worth a read.
