Microsoft announces new investment in ChatGPT-maker OpenAI.
Microsoft on Monday announced a new multiyear, multibillion-dollar investment with ChatGPT-maker OpenAI.
Microsoft declined to provide a specific dollar amount, but Semafor reported earlier this month that Microsoft was in talks to invest as much as $10 billion.
The deal marks the third phase of the partnership between the two companies, following Microsoft’s previous investments in 2019 and 2021.
Microsoft said the renewed partnership will accelerate breakthroughs in AI and help both companies commercialize advanced technologies in the future.
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“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 CEO Satya Nadella said in a blog post.
OpenAI works closely with Microsoft’s cloud service Azure.
Foreign [Music] Microsoft on Monday announced a new Multi-year multi-billion dollar Investment with chapped maker opanai Microsoft declined to provide a specific Dollar amount but semapha reported Earlier this month that Microsoft was in Talks to invest as much as 10 billion The deal marks the third phase of the Partnership between the two companies Following Microsoft's previous Investments in 2019 and 2021 Microsoft Said the renewed partnership will Accelerate breakthroughs in Ai and help Both companies commercialize Advanced Technologies in the future to stay up to Date with latest top stories make sure To subscribe to this YouTube channel by Clicking the button above this video we Formed our partnership with opanai Around a shared ambition to responsibly Advance cutting-edge AI research and Democratize AI as a new technology Platform Microsoft CEO Satya Nadella sat In a blog post opanai Works closely with Microsoft's cloud service Azure in July 29 19 Microsoft backed opinion with 1 Billion dollars and the investment made Microsoft the exclusive provider of Cloud Computing Services to open eye Microsoft said Monday that Azure will Continue to serve as opanai's exclusive Provider Microsoft's investment will
Also help the two companies engage in Supercomputing at scale and create new Ai-powered experiences the release said Opanai is ranked by AI researchers as One of the top three aai Labs worldwide And the company has developed game-plane AI software that can beat humans at Video games such as DOTA 2. however it's Arguably received more attention for its AI text generator gpt3n its quirky AI Image generator Dolly chapped Automatically generates text based on Written prompts in a fashion that's much More advanced and creative than the Chapets of silicon Valley's past the Software debuted in late November and Quickly turned into a viral sensation as Tech Executives and Venture capitalists Gushed about it on Twitter even Comparing it to Apple's debut of the IPhone in 2007. the technology also Caught the attention of Google Executives who said in a recent All Hands meeting that while Google has Similar AI capabilities its reputation Could suffer If It Moves too fast on AI Chat technology open Ice Founders Included Sam Altman Tesla and SpaceX CEO Elon Musk Greg Brockman Ilya sutsgiver Whitechek zaremba and John Shulman the Group pledged to invest over 1 billion Dollars into the Venture when it Launched musk resigned from the board in February 2018 but remained a donor
Cnbc's Jonathan vanyan and Jennifer Elias contributed to this report Foreign [Music]