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flag Microsoft launches new AI group, CoreAI, led by ex-Meta exec, amid $80B AI investment plans.

flag Microsoft has formed a new engineering group called CoreAI – Platform and Tools, led by former Meta engineering head Jay Parikh. flag The group aims to develop AI applications and tools for both Microsoft and its customers, focusing on creating advanced "model-forward" apps. flag The move comes amid increasing competition in the AI sector, with Microsoft also planning to invest $80 billion in AI datacenters this fiscal year. flag The AI business has hit a $10 billion annual revenue run rate.

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