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Ford to Build New Partly Electric Car at Spanish Plant From 2027

Ford currently assembles its Kuga SUV at the plant, which employs 4,800 people ( Reuters)
Ford currently assembles its Kuga SUV at the plant, which employs 4,800 people ( Reuters)
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Ford to Build New Partly Electric Car at Spanish Plant From 2027

Ford currently assembles its Kuga SUV at the plant, which employs 4,800 people ( Reuters)
Ford currently assembles its Kuga SUV at the plant, which employs 4,800 people ( Reuters)

US automaker Ford plans to start production of a new partly electric car at its plant in the Valencia region of Spain starting in 2027, a company spokesperson said on Friday.

Ford had said in March that it was considering making a new, multi-energy passenger car at its Valencia plant, Reuters reported.

Spain's Industry Ministry said the carmaker aimed to produce 300,000 units of the new vehicle annually. "It is a model that will guarantee the workload for this factory and prepare it for the future," the ministry said in a statement.

Ford currently assembles its Kuga SUV at the plant, which employs 4,800 people, after cutting back output of other models in recent years.

The Ford Spain spokesperson said the new car will be assembled for markets in Europe and elsewhere.

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Microsoft Launches Copilot Chat for Businesses to Boost AI Adoption

FILE PHOTO: A Microsoft logo is pictured on a store in the Manhattan borough of New York City, New York, US, January 25, 2021. REUTERS/Carlo Allegri/File Photo
FILE PHOTO: A Microsoft logo is pictured on a store in the Manhattan borough of New York City, New York, US, January 25, 2021. REUTERS/Carlo Allegri/File Photo
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Microsoft Launches Copilot Chat for Businesses to Boost AI Adoption

FILE PHOTO: A Microsoft logo is pictured on a store in the Manhattan borough of New York City, New York, US, January 25, 2021. REUTERS/Carlo Allegri/File Photo
FILE PHOTO: A Microsoft logo is pictured on a store in the Manhattan borough of New York City, New York, US, January 25, 2021. REUTERS/Carlo Allegri/File Photo

Microsoft on Wednesday rolled out a chat service allowing businesses to use on-demand AI agents for routine tasks, betting on the pay-as-you-go model to drive up the adoption of the technology.

The free service, Copilot Chat, which uses OpenAI's GPT-4, lets users create AI agents using natural languages such as English and Mandarin for tasks such as market research, writing strategy documents and preparing for meetings, Reuters reported.

However, features including summarizing and transcribing Teams calls and creating PowerPoint slides require a $30 monthly Microsoft 365 Copilot subscription.

Microsoft, like other big technology companies, is under pressure to show returns on its hefty investments in AI, as the software giant is set to spend about $80 billion during its current fiscal year on data centers and AI infrastructure.

After a Gartner report last year raised doubts about Copilot's adoption, Microsoft has been pushing its uptake.

In November, Microsoft began allowing customers to create autonomous agents requiring minimal human intervention, a strategy which some analysts say could offer tech companies a simpler path to monetization.