Microsoft said it is making a “multiyear. Multibillion-dollar investment” in artificial intelligence startup OpenAI. Maker of ChatGPT and other tools that can write readable text and create new images.
The tech giant on . Monday described its new deal as the third phase of a growing partnership with . San Francisco-based OpenAI that began in 2019 with a $1 billion investment. It did not disclose the dollar amount for its latest investment.
The partnership positions Microsoft to sharpen its competition with Google in commercializing new. AI breakthroughs that could transform many professions as well as . The Internet search business.
OpenAI’s free writing tool. ChatGPT launched on November 30 and has drawn public attention to. The potential for new advances in AI.
It’s part of a new generation of machine-learning systems . That can have conversations, generate readable text on demand. And create fancy images and videos based on . What they’ve learned from vast databases of digital books. Online writing, and other media.
Microsoft’s partnership enables it to capitalize on OpenAI’s technology. Microsoft’s supercomputers are helping power the startup’s power-hungry AI systems. While the Redmond, Washington-based tech giant will be. Able to further integrate OpenAI technology into Microsoft products.
“In this next phase of our partnership,” Microsoft CEO Satya Nadella said in a statement. Customers who use Microsoft’s Azure cloud computing platform will have access to new . AI tools to build and run their applications. ChatGPT
OpenAI began as a non-profit artificial intelligence research organization when . It launched in December 2015. With Tesla CEO Elon Musk as co-chairman and among. Its early investors, the company’s stated mission was to . Advance digital intelligence as far as possible.
To benefit humanity as a whole, not limited to the need to generate financial returns.”
That changed in 2018 when it incorporated Open AI LP, a for-profit business. And moved all its staff to the business. Not long after releasing the first generation of. GPT models for generating human-like passages of readable text. Kasturi also left its board in 2018 .ChatGPT
OpenAI’s other products include the image-generator . DALL-E, first released in 2021, the computer . Programming assistant Codex, and the speech recognition tool Whisper.
Microsoft said Monday. That its strong partnership “can helpspeed upe AI breakthroughs to ensure. These benefits are shared with the world.”
The investment announcement came a day before Microsoft reported its earnings from the . October-December financial quarter and after revealing plans to cut 10,000. Jobs last week, around 5% of its global workforce.