Microsoft Announces Multibillion-Dollar Investment in ChatGPT Maker

Microsoft Monday announced ChatGPT-maker OpenAI has made a multiyear, multibillion dollar investment.

Microsoft refused to give a dollar amount but Semafor reported Microsoft announced earlier this month that it was seeking to invest up to $10 billion.

This deal is the third phase in the partnership between the companies. It follows Microsoft’s previous investments of 2019 and 2021. Microsoft stated that the renewed partnership will help both companies to commercialize advanced technologies and accelerate breakthroughs in AI.

“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 is closely integrated with Microsoft’s cloud services Azure. In July 2019, Microsoft backed OpenAI with $1 billionMicrosoft made the investment and it was a success. “exclusive” OpenAI is a provider of cloud computing services. Microsoft Monday stated that Azure will still be OpenAI’s exclusive provider.

The release stated that Microsoft’s investment will help both companies to engage in supercomputing at large scales and create new AI-powered experiences.

OpenAI is ranked by AI researchers as one of the top three AI labs worldwide, and the company has developed game-playing AI software that can beat humans at video games such as Dota 2. It has arguably attracted more attention because of its AI. text generator GPT-3 And its eccentricities AI image generator Dall-E.

ChatGPT automatically generates text It is based on written prompts and works in a way that’s more creative and advanced than the chatbots of Silicon Valley. It debuted in November and quickly became a viral sensation. Venture capitalists and tech executives gushed about the software on Twitter. comparing It does Apple’s The iPhone was launched in 2007. 

Google executives were also interested in this technology. said in a recent all-hands meeting Google may have similar AI capabilities to other companies, but its reputation could be damaged if it focuses too quickly on AI chat technology.

Sam Altman was one of the founders of OpenAI. Tesla Elon Musk, Greg Brockman (SpaceX CEO), Ilya Sutskever and Wojciech Zaremba were also present. When the venture was launched, the group promised to invest more than $1 billion. Musk resigned in February 2018, but he was still a donor.

— CNBC’s Jonathan Vanian and Jennifer Elias contributed to this report.