Microsoft announces new investment in ChatGPT creator OpenAI

Microsoft CEO Satya Nadella speaks at the company’s Ignite Spotlight event in Seoul on November 2. 15, 2022.

Seong Joon Cho | Bloomberg | Getty Images

Microsoft on Monday announced a new, multi-billion dollar, multi-year investment with OpenAI, the maker of ChatGPT.

Microsoft declined to provide a specific dollar amount, but Semafor announced earlier this month that Microsoft was in talks to invest up to $10 billion.

The agreement 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 the two companies bring advanced technologies to market. the future.

“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,” said the Microsoft CEO. , Satya Nadella, in a blog post.

OpenAI works closely with Microsoft’s Azure cloud service. In July 2019, Microsoft backed OpenAI with $1 billion, and the investment made Microsoft the “exclusive” provider of cloud computing services for OpenAI. Microsoft said Monday that Azure will continue to be the exclusive provider for OpenAI.

Microsoft’s investment will also help the two companies engage in large-scale supercomputing and create new AI-powered experiences, according to the release.

OpenAI is ranked by AI researchers as one of the top three AI labs in the world, and the company has developed gaming AI software that can beat humans in video games such as Dota 2. However, it arguably received more attention for its AI text generator. GPT-3 and its original Dall-E AI image generator.

ChatGPT automatically generates text based on written prompts in a much more advanced and creative way than past Silicon Valley chatbots. The software debuted in late November and quickly turned into a viral sensation as tech executives and venture capitalists talked about it on Twitter, even comparing Apple’s iPhone debut in 2007.

The technology has also caught the eye of Google executives, who said in a recent show of hands that although Google has similar AI capabilities, its reputation could suffer if it moves too quickly on the technology. chat in AI.

OpenAI founders included Sam Altman, Tesla and SpaceX CEO Elon Musk, Greg Brockman, Ilya Sutskever, Wojciech Zaremba, and John Schulman. The group pledged to invest more than $1 billion in the company when it launched. Musk resigned from the board in February 2018 but remained a donor.

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

.

Leave a Comment

Your email address will not be published. Required fields are marked *