NEW YORK (TheStreet) -- Shares of Microsoft (MSFT) - Get Report were down in mid-morning trading on Thursday as the company forms the Microsoft Artificial Intelligence and Research Group to focus on the technology company's AI product efforts.
The group will be led by Executive VP Harry Shum and will combine the company's information platform, Cortana and Bing, and ambient computing and robotics units.
More than 5,000 computer scientists and engineers will work in the division, developing AI product engineering, basic and applied research labs and New Experiences and Technologies (NExT).
Microsoft, based in Redmond, WA, hopes the move will accelerate the delivery of new AI capabilities to customers.
CEO Satya Nadella said in a company statement that Microsoft is looking to "infuse" AI into all of the company's computing platforms and experiences.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "buy" with a ratings score of B+.
The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, notable return on equity, reasonable valuation levels and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
You can view the full analysis from the report here: MSFT