Microsoft announces multi-billion dollar investment in ChatGPT developer OpenAI
ChatGPT developer OpenAI: Microsoft will now increase its investments in the development and deployment of specialised supercomputing systems to accelerate OpenAI's groundbreaking independent AI research.
Microsoft on Monday announced a multi-year, multi-billion dollar investment in OpenAI, the developer behind AI-driven ChatGPT which has become a rage.
The tech giant, which infused $1 billion in OpenAI in 2019, did not divulge the investment amount in the "third phase of our long-term partnership with OpenAI". Earlier reports had claimed Microsoft may infuse up to $10 billion in OpenAI.
"We formed our partnership with OpenAI around a shared ambition to responsibly advance cutting-edge AI research and democratise AI as a new technology platform," said Satya Nadella, Chairman and CEO, Microsoft.
"In this next phase of our partnership, developers and organisations across industries will have access to the best AI infrastructure, models, and toolchain with Azure to build and run their applications," Nadella added.
Microsoft will now increase its investments in the development and deployment of specialised supercomputing systems to accelerate OpenAI's groundbreaking independent AI research.
It will deploy OpenAI's models across its consumer and enterprise products and introduce new categories of digital experiences built on OpenAI's technology.
This includes Microsoft's Azure OpenAI Service which empowers developers to build cutting-edge AI applications through direct access to OpenAI models, said the tech giant.
"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," he added.
As OpenAI's exclusive cloud provider, Azure will power all OpenAI workloads across research, products and API services.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
09:53 AM IST