Microsoft broadcasts multibillion-dollar funding in ChatGPT-maker OpenAI
Microsoft CEO Satya Nadella speaks on the firm’s Ignite Highlight occasion in Seoul on Nov. 15, 2022.
SeongJoon Cho | Bloomberg | Getty Photographs
Microsoft introduced a brand new multiyear, multibillion-dollar funding with ChatGPT-maker OpenAI on Monday.
Microsoft declined to offer a selected greenback quantity, however Semafor reported earlier this month that Microsoft was in talks to speculate as a lot as $10 billion.
The deal marks the third part of the partnership between the 2 corporations, following Microsoft’s earlier investments in 2019 and 2021. Microsoft mentioned the renewed partnership will speed up breakthroughs in AI and assist each corporations commercialize superior applied sciences sooner or later.
“We fashioned our partnership with OpenAI round a shared ambition to responsibly advance cutting-edge AI analysis and democratize AI as a brand new know-how platform,” Microsoft CEO Satya Nadella mentioned within the launch.
OpenAI works intently with Microsoft’s cloud service Azure. In July 2019, Microsoft backed OpenAI with $1 billion, and the funding made Microsoft the “unique” supplier of cloud computing providers to OpenAI. Microsoft mentioned Monday that Azure will proceed to function OpenAI’s unique supplier.
Microsoft’s funding may even assist the 2 corporations have interaction in supercomputing at scale, and create new AI-powered experiences, the discharge mentioned.
OpenAI is ranked by AI researchers as one of many high three AI labs worldwide, and the corporate has developed game-playing AI software program that may beat people at video video games like Dota 2. Nonetheless, it is arguably obtained extra consideration for its AI textual content generator GPT-3 and its quirky AI picture generator Dall-E.
ChatGPT routinely generates textual content based mostly on written prompts in a vogue that is way more superior and artistic than the chatbots of Silicon Valley’s previous. The software program debuted in late November and shortly was a viral sensation as tech executives and enterprise capitalists gushed about it on Twitter, even