Microsoft to invest more in OpenAI that develops ChatGPT

Software major Microsoft in a blog post said that it would invest more in OpenAI, a developer of chatbot ChatGPT.
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The latest information shared by Microsoft did not reveal the size of the fresh investment in the artificial intelligence (AI) company. Several media houses said Microsoft would be investing at least $10 billion in OpenAI.

Microsoft in 2019 dedicated $1 billion for the startup co-founded by Elon Musk and investor Sam Altman, and has since built a supercomputer to power OpenAI’s technology, among other forms of support. In 2021, Microsoft made additional investment in OpenAI without revealing the size of the funding.

“Today, we are announcing the third phase of our long-term partnership with OpenAI through a multi-year, multibillion dollar investment to accelerate AI breakthroughs to ensure these benefits are broadly shared with the world,” Microsoft said.

Microsoft is committing more resources to keep the two companies at the forefront via generative AI, technology that can learn from vast data how to create virtually any type of content simply from a text prompt. OpenAI’s ChatGPT which produces prose or poetry on command.

Microsoft last week said it aimed to bring such AI into all its products, as OpenAI pursues the creation of human-like intelligence for machines. Microsoft is adding OpenAI’s tech to Bing, its search engine that for the first time in years is being discussed as a potential rival to Google, the industry leader.

“We’ve partnered with Microsoft to deploy our technology through our API and the Azure OpenAI Service — enabling enterprise and developers to build on top of GPT, DALL·E, and Codex. We’ve also worked together to build OpenAI’s technology into apps like GitHub Copilot and Microsoft Designer,” OpenAI said in its blog post.