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ATLANTA and REDMOND, Wash. – WEBWIRE – Wednesday, April 24, 2024
Microsoft Corp. and The Coca‑Cola Company on Tuesday announced a five-year strategic partnership to align Coca‑Colas core skills arrangement systemwide; enable the adoption of up to the moment skills; and foster innovation and productiveness globally.
As allotment of the partnership, Coca‑Cola has made a $1.1 billion dedication to the Microsoft Cloud and its generative AI capabilities. The collaboration underscores Coca‑Colas ongoing skills transformation, underpinned by the Microsoft Cloud as Coca‑Colas globally most standard and strategic cloud and AI platform.
Via the partnership, the companies will collectively experiment with groundbreaking unique skills like Azure OpenAI Carrier to originate innovative generative AI use cases across diversified industry functions. This involves attempting out how Copilot for Microsoft 365 might per chance most likely per chance abet give a boost to plot of enterprise productiveness.
Via our long-term partnership, we havemade fundamental progress to toddle system-wideAI Transformation across The Coca‑Cola Company and its community of honest bottlers worldwide, stated Judson Althoff, govt vp and chief commercial officer at Microsoft. We areproud to toughen Coca‑Cola as it continues to contain the generation of AI and appears to choices like Azure OpenAI Carrier andCopilot for Microsoft 365to pressure innovation across every home of its industry.
Coca‑Cola has migrated all its functions to Microsoft Azure, with most important honest bottling partners following suit. As a pioneer in AI adoption, Coca‑Cola has been innovating with generative AI for merely about a year and has already leveraged Azure OpenAI Carrier to reimagine the whole thing from advertising and marketing to manufacturing and present chain and former. The corporate is at the moment exploring the utilization of generative AI-powered digital assistants on Azure OpenAI Carrier to abet workers give a boost to buyer experiences, streamline operations, foster innovation, compose a aggressive advantage, boost efficiency and repeat unique order opportunities.
[p”This new agreement builds on the success of Coca‑Colas partnership strategy with Microsoft, showing our commitment to ongoing digital transformation, said John Murphy, president and chief financial officer of The Coca‑Cola Company.Our partnership with Microsoft has grown exponentially, from the $250 million agreement we initially announced in 2020 to $1.1 billion today.[/p]
The settlement reflects a fundamental step in advancing Coca‑Colas digital transformation, centered on offering expanded gain entry to to Microsofts cloud and AI platforms apart from to choices akin to Microsoft 365, Vitality BI, Dynamics 365, Defender and Cloth to present a boost to efficiency and scalability while fostering innovation across the system.
Our expanded partnership with Microsoft is the biggest subsequent chapter in Coca‑Colas crawl against a digital-first endeavor powered by emerging technologies, stated Neeraj Tolmare, senior vp and world chief files officerforThe Coca‑ColaCompany. Microsofts capabilities abet toddle our adoption of AI to create incremental endeavor cost.
About The Coca‑Cola Company
The Coca‑Cola Company (NYSE: KO) is a complete beverage company with products sold in greater than 200 worldwide locations and territories. Our companys purpose is to refresh the arena and produce a disagreement.We sell extra than one billion-buck producers across a whole lot of beverage classes worldwide.Our portfolioof excellent-looking out gentle drink producers involves Coca‑Cola, Sprite and Fanta.Our water, sports, espresso and tea producers encompass Dasani, Smartwater, Vitaminwater, Topo Chico, BODYARMOR, Powerade, Costa, Georgia, Gold High and Ayataka. Our juice, cost-added dairy and plant-primarily based mostly mostly beverage producers encompass Minute Maid, Merely, harmless, Del Valle, fairlife and AdeS. Were constantly remodeling our portfolio, from lowering sugar in our drinks to bringing innovative unique products to market. We peek to positively impact peoples lives, communities and the planet by water replenishment, packaging recycling, sustainable sourcing practices and carbon emissions reductions across our cost chain. Along with our bottling partners, we make use of greater than 700,000 folks, serving to carry economic opportunity to local communities worldwide. Learn extra atwww.coca-colacompany.comand note us on Instagram, Fb and LinkedIn.
About Microsoft
Microsoft (Nasdaq MSFT @microsoft) permits digital transformation for the generation of an colorful cloud and an colorful edge. Its mission is to empower every particular person and every group in the arena to blueprint extra.
For extra files, news and perspectives from Microsoft, please train about with Microsoft Source athttp://news.microsoft.com/provide. Internet hyperlinks, telephone numbers and titles were correct at time of newsletter however might per chance most likely most likely gather changed. For extra aid, journalists and analysts might per chance most likely most likely contact Microsofts Rapidly Response Team of workers or assorted acceptable contacts listed at https://news.microsoft.com/microsoft-public-relatives-contacts.
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