Microsoft to Invest billions in ChatGPT !
Software giant to expand the use of artificial intelligence in its products
Microsoft’s investment would help it evolve further and become a powerhouse app
Tweet on the latest from Microsoft and ChatGPT
Shares of Microsoft rose 1.7% on Monday, as investors eyed the tech stock ahead of the company's earnings report this week.#Microsoftlayoffs #ChatGPT pic.twitter.com/qa5qFL2LWj
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Microsoft on the verge on investing billions on OpenAI
Microsoft said on Monday it is making a multiyear, multibillion-dollar investment in OpenAI, substantially bolstering its relationship with the startup behind the viral ChatGPT chatbot as the software giant looks to expand the use of artificial intelligence in its products.
Microsoft said the latest partnership builds upon the company’s 2019 and 2021 investments in OpenAI.
The companies didn’t disclose the financial terms of the partnership. Microsoft had been discussing investing as much as $10 billion in OpenAI, according to WSJ.
A representative for Microsoft declined to comment on the final number.
OpenAI was in talks this month to sell existing shares in a tender offer that would value the company at around $29 billion, The Wall Street Journal reported, making it one of the most valuable U.S. startups on paper despite generating little revenue.
The investment shows the tremendous resources Microsoft is devoting toward incorporating artificial intelligence software into its suite of products, ranging from its design app Microsoft Design to search app Bing. It also will help bankroll the computing power OpenAI needs to run its various products on Microsoft’s Azure cloud platform.
Microsoft plans to incorporate artificial intelligence tools into all of its products and make them available as platforms for other businesses to build on, Chief Executive Satya Nadella said last week at a Wall Street Journal panel at the World Economic Forum’s annual event in Davos
Its goal has long been to develop technology that can achieve what has been a holy grail for AI researchers: artificial general intelligence, where machines are able to learn and understand anything humans can.
