"Microsoft has formed a new engineering team called CoreAI to develop AI applications and tools for customers, as announced by CEO Satya Nadella. The team will focus on building an end-to-end Copilot and AI stack, integrating various applications and enhancing workflows. Jay Parikh will lead the CoreAI team, which aims to reshape software development processes with agentic AI capabilities. Microsoft plans to invest $80 billion in AI this year, emphasizing the importance of having the best AI platform and infrastructure."