Microsoft extends partnership with OpenAI through multibillion-dollar investment
Microsoft Corp. announced a new multibillion-dollar investment in OpenAI, fortifying ties with the company that developed the chatbot phenomenon ChatGPT and opening the door for increased competition with rival Google.
Microsoft is expanding on a wager it placed on OpenAI almost four years ago. It committed $1 billion for the startup co-founded by investor Sam Altman and Tesla & SpaceX CEO Elon Musk.
Since then, among other sorts of assistance, it has built a supercomputer to power OpenAI’s technologies.
“We are announcing the third phase of our long-term partnership with OpenAI through a multiyear, multi-billion dollar investment to accelerate AI breakthroughs to ensure these benefits are broadly shared with the world,” Microsoft wrote in a blog post.
“This agreement follows our previous investments in 2019 and 2021. It extends our ongoing collaboration across AI supercomputing and research and enables each of us to commercialize the resulting advanced AI technologies independently,” the blog added.
Microsoft and OpenAI working toward cutting-edge technology
Microsoft is investing even more resources in generative AI. This system can learn from data how to produce almost any form of content simply from a text prompt to maintain the two businesses at the forefront of artificial intelligence.
OpenAI’s ChatGPT, which produces prose or poetry on demand, is the most noteworthy example that attracted much attention last year.
“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 Satya Nadella, Chairman and CEO of Microsoft.
“In this next phase of our partnership, developers and organizations across industries will have access to the best AI infrastructure, models, and toolchain with Azure to build and run their applications,” Nadella added.
Sam Altman, the CEO of OpenAI, was delighted with the new multiyear deal.
“The past three years of our partnership have been great,” said Sam Altman, CEO of OpenAI. “Microsoft shares our values, and we are excited to continue our independent research and work toward creating advanced AI that benefits everyone.”