The investment was rumored to be $10 billion.
$10 billion into OpenAI, the creators of popular AI tools like ChatGPT and DALL-E 2.
“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,” says Microsoft CEO Satya Nadella. “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.
The deal will see Microsoft increase its investments in the development and deployment of supercomputing systems to assist OpenAI’s research. The key part of the deal means that Microsoft is the exclusive cloud partner for OpenAI, and Microsoft’s cloud services will power all OpenAI workloads across products, API services, and research.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Microsoft expands its pact with OpenAI in 'multibillion dollar' deal | EngadgetMicrosoft is pouring billions of dollars into OpenAI to expact their pact..
Read more »
Microsoft makes new 'multibillion-dollar' investment in ChatGPT-maker OpenAIMicrosoft says it is making a “multiyear, multibillion dollar investment” in the artificial intelligence startup OpenAI, maker of ChatGPT and other tools...
Read more »
Microsoft invests billions in ChatGPT-maker OpenAIMicrosoft says it is making a 'multiyear, multibillion dollar investment' in the artificial intelligence startup OpenAI, maker of ChatGPT and other tools that can write readable text and generate new images.
Read more »
OpenAI Confirms Huge Partnership With Microsoft, Which Just Laid Off 10,000 PeopleHot off the heels of Microsoft's round of mass layoffs, OpenAI has officially confirmed that it's 'extending' its partnership with the tech giant.
Read more »
Microsoft invests billions in artificial intelligence startup OpenAIThe tech giant described its new agreement as the third stage of a growing partnership with San Francisco-based OpenAI that began with a $1 billion investment in 2019.
Read more »
Microsoft pouring billions into ChatGPT-maker OpenAISoftware giant is making a potentially 'game-changing AI investment' in the company behind ChatGPT app.
Read more »