Microsoft says it will invest billions of dollars in OpenAI – the maker of ChatGPT
On Monday, Microsoft and OpenAI, the company that makes ChatGPT, announced a new multiyear, multibillion-dollar partnership.
Microsoft would not give a particular sum of money, but Semafor had earlier this month claimed that Microsoft was in discussions to contribute up to $10 billion.
Following Microsoft’s prior investments in 2019 and 2021, the agreement ushers in the third phase of the two businesses’ collaboration. According to Microsoft, the alliance will help both businesses commercialize cutting-edge technologies in the future and will hasten AI advances.
According to Microsoft CEO Satya Nadella, “We created our cooperation with OpenAI around a common vision to responsibly promote cutting-edge AI research and democratize AI as a new technology platform.”
Azure, a cloud service from Microsoft, collaborates closely with OpenAI. Microsoft invested $1 billion in OpenAI in July 2019, making Microsoft the “sole” supplier of cloud computing services to OpenAI. Microsoft announced on Monday that Azure will continue to be the sole supplier of OpenAI.
According to the press release, Microsoft’s investment would also assist the two businesses in supercomputing at scale and developing fresh AI-powered experiences.
One of the top three AI laboratories in the world according to academics, OpenAI has created game-playing AI software that can outperform humans in games like Dota 2. It’s possible to argue that its quirky AI image generator Dall-E and AI text generator GPT-3 have drawn greater notice.
Sam Altman, Elon Musk, the CEO of Tesla and SpaceX, Greg Brockman, Ilya Sutskever, Wojciech Zaremba, and John Schulman were among the founders of OpenAI. When the project first started, the consortium promised to invest more than $1 billion. In February 2018, Musk left the board, but he continued to donate.
