Microsoft will invest billions into artificial intelligence firm
OpenAI, creator of ChatGPT, will extend relationship with Microsoft after latest investment
Maria Bartiromo’s Wall Street - Friday, January 20
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Following a week of speculation, Microsoft will invest as much as $10 billion into the artificial intelligence research laboratory and ChatGPT-designer OpenAI.
On Monday, a joint announcement highlighted the third phase of Microsoft’s partnership with OpenAI through a multiyear, multibillion-dollar investment to accelerate AI breakthroughs and ensure the technology’s benefits are shared around the world.
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The deal will extend collaborations between the two companies from 2019 and 2020 to include AI supercomputing and research, while enabling both to independently commercialize the resulting advanced AI technologies.
Microsoft CEO Satya Nadella is looking to grow the company's involvement in artificial intelligence with a $10 billion investment into OpenAI following the company's $29 billion valuation and ChatGPT announcement in November 2022.
Satya Nadella, chairman and CEO of Microsoft, said in the release "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."
"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," he added.
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As part of Microsoft’s latest partnership, the company will increase investments in the development and deployment of specialized supercomputing systems to accelerate OpenAI’s independent AI research, while deploying OpenAI’s models across consumer and enterprise products.
Sam Altman, CEO of OpenAI, said in the joint announcement, the company’s relationship over the last three years has been great.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| MSFT | MICROSOFT CORP. | 409.55 | +10.51 | +2.63% |
"Microsoft shares our values, and we are excited to continue our independent research and work toward creating advanced AI that benefits everyone," he added.
What is ChatGPT?
Announced in November last year, ChatGPT is a chatbot built atop the parent company’s GPT-3 series of language models.
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The conversational bot utilizes large databases and will respond to user questions and create other content on a wide array of subjects. Among many other forms, responses include answers, essays, legal briefs and computer code
ChatGPT logo on a cellphone. (CFOTO/Future Publishing via Getty Images / Getty Images)
This story was originally published on Jan. 10 and has been updated