Microsoft announced on Monday that it will be making a significant, multi-billion dollar investment in OpenAI, a startup focused on artificial intelligence (AI) development.
This move builds upon a previous investment made by Microsoft four years ago, and further solidifies the partnership between the two companies. As part of the new investment, Microsoft will provide additional support for OpenAI through the development of supercomputers and cloud-computing capabilities. Both companies will have the ability to commercialize any AI technology that results from this partnership. The terms of this investment have not been disclosed, however, it is speculated to be around $10 billion.
This move is seen as a way for Microsoft to maintain a competitive edge in the rapidly advancing field of AI, specifically in the area of generative AI, which allows for the creation of virtually any type of content from a text prompt. OpenAI’s ChatGPT, a system that produces prose or poetry on command, is a prime example of this technology and gained widespread attention in the tech industry last year. This investment will help both companies to continue to push the boundaries of what is possible with AI and stay at the forefront of this rapidly evolving field.
Source- Reuters
