Microsoft invests billions to strengthen partnership with ChatGPT’s maker OpenAI

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Microsoft CEO Satya Nadella

Key points:

  • Microsoft has announced a new multi-billion deal with OpenAI, the maker of the AI chatbot sensation ChatGPT. 
  • This will mark the beginning of the third phase of the partnership, following previous investments in 2019 and 2021. 
  • The new investment will be used to find new AI innovations and help both companies commercialize cutting-edge technologies. 

The AI revolution is truly underway, and there is no going back from here. Microsoft has announced a multi-billion dollar deal with OpenAI, the makers of the AI chatbot sensation, ChatGPT. This deal marks the beginning of the third phase of the partnership between the two parties. The tech giant had previously invested in ChatGPT in 2019 and 2021.

OpenAI will use the investment to discover new AI innovations and also help both companies commercialize cutting-edge technologies. 

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More about Microsoft and OpenAI’s partnership

Microsoft, in a blog, announced that it will pour billions of dollars into ChatGPT. The company has not disclosed the exact amount of the deal yet. However, a Semafor report states that the investment amount could be anything around the $10 billion region. 

This is the third time Microsoft has invested in ChatGPT. Both companies are looking forward to this new and exciting phase in the AI world. OpenAI and Microsoft have pledged to work together to commercialize cutting-edge technologies in the future. 

Satya Nadella, Microsoft’s CEO, said that both companies share a common goal of accelerating AI research and democratising AI as a new tech platform. According to the press release, Microsoft’s investment would also assist the two businesses in supercomputing at scale and developing novel AI-powered applications.

ChatGPT garners attention from the global AI community

Over the past few months, ChatGPT has become a hot topic of discussion in the global AI community, and for good reasons. The game-changing technology has received applause as well as criticism from across the world for producing text at a user’s beck and call. As a result, there is no denying that OpenAI has now established itself as one of the top three AI labs in the world. In the past, OpenAI has also produced AI software that can play and even beat humans at video games including Dota 2. However, the company’s AI text-generator GPT-3 has emerged as a clear winner in terms of popularity. 

In a recent all-hands meeting, Google’s management showed an interest in the technology. They noted that while Google has comparable AI capabilities, its reputation can take a hit if it moves too fast on AI chat technology. 

YOU MAY ALSO LIKE: Google issues ‘code-red’ as Open AI’s ChatGPT garners popularity

Continue reading iTMunch for the latest AI news, trends, articles, and more. 

Feature Image Source: Microsoft

 

 

 

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Karandeep is a technical content writer based out of Pune, a city in India that is also known as the Oxford of the East. His journey with writing started in 2014 when he decided to try his luck in a gaming startup as a Content Developer. Since then, he has written on a wide range of topics within the gaming and the tech space. Apart from his love for gaming, Karandeep is keeping tabs on the hottest trends in the tech industry. After completing his Bachelors in Business Administration (BBA) from Symbiosis International University, Pune, he worked as an intern in an NGO that focused on urban development.
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