Microsoft announced on Monday a multiyear, multibillion-dollar investment in OpenAI, the company that developed ChatGPT.
Microsoft declined to disclose a particular monetary amount, but earlier this month, Semafor claimed that Microsoft was in discussions to invest up to $10 billion.
The transaction signifies the third phase of the firms’ collaboration, following Microsoft’s prior investments in 2019 and 2021. Microsoft stated that the renewed relationship will accelerate advancements in AI and assist both firms in the future with commercialising sophisticated technology.
Microsoft CEO Satya Nadella wrote in a blog post, “We created our cooperation with OpenAI around a common ambition to responsibly promote cutting-edge AI research and democratise AI as a new technology platform.”
OpenAI and Microsoft’s cloud service Azure collaborate closely. Microsoft invested $1 billion in OpenAI in July of 2019, becoming Microsoft the “sole” provider of cloud computing services to OpenAI. Microsoft announced on Monday that Azure will continue to act as the sole supplier for OpenAI.
According to the statement, Microsoft’s investment would also let the two companies engage in supercomputing at scale and develop new AI-powered experiences.
OpenAI is one of the top three AI labs in the world, according to AI researchers, and the company has created game-playing AI software that can defeat humans at video games such as Dota 2. However, its AI text generator GPT-3 and AI picture generator Dall-E have undoubtedly gotten greater attention.
Bimal Mardi is a Professional Content Writer. He works in First Santal Broadcast Network TV/ News channel in India. Bimal Maradi writes about Technology, Education and Tech Product Reviews