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Microsoft confirms up to $10B investment in OpenAI ChatGPT-maker company
Microsoft revealed it is investing in OpenAI artificial intelligence company that has created the ChatGPT chatbot. The Washington-headquartered tech company may be shelling out billions for the deal.
As per CNBC, it was reported earlier this month that Microsoft is in discussion to invest as much as $10 billion. This will mark the third phase of the companies’ partnership, as they have also signed deals in 2019 and 2021.
The company said that its newest agreement with OpenAI will scale up its breakthroughs in AI. This will also be beneficial to both companies in the commercialization of their cutting-edge technologies in the future.
The investment will also allow Microsoft and OpenAI to get into the supercomputing level while also creating new AI-powered experiences. Researchers have ranked the AI firm as one of the top three artificial intelligence labs in the world. They have noted that OpenAi can beat humans in video game playing if it will be developing AI software for this.
ChatGPT was developed by OpenAi and has caught the attention of many tech companies, including Google. This app generates text based on written prompts and is described as more advanced and creative compared to other chatbots in Silicon Valley.
“We formed our partnership with OpenAI around a shared ambition to responsibly advance cutting-edge AI research and democratize AI as a new technology platform,” Microsoft’s chairman and chief executive officer, Satya Nadella, said in a blog post. “In this next phase of our partnership, developers and organizations across industries will have access to the best AI infrastructure, models, and toolchain with Azure to build and run their applications.”
OpenAI’s chief executive officer, Sam Altman, further said, “The past three years of our partnership have been great. Microsoft shares our values, and we are excited to continue our independent research and work toward creating advanced AI that benefits everyone.”