Microsoft invests billions in OpenAI, developer of ChatGPT

According to reports, Microsoft plans to ramp up its funding for specialized supercomputers to speed up OpenAI’s pioneering work in independent AI research.

Tech giant Microsoft, which invested $1 billion in OpenAI in 2019, has not disclosed the amount of its latest investment in the “third phase” of its partnership with OpenAI. Previous reports have suggested that Microsoft could invest as much as $10 billion in OpenAI.

Our partnership with OpenAI was formed with the shared goal of advancing state-of-the-art AI research in a responsible manner and making AI accessible as a new technology platform,” said Satya Nadella, Chairman and CEO of Microsoft.

As we move forward in our partnership, developers and companies from various industries will have access to top-notch AI infrastructure, models and tools through Azure, allowing them to create and run their own applications,” Nadella added.

Microsoft will also increase funding for specialized supercomputers to speed up OpenAI’s pioneering work in independent AI research.

Microsoft will integrate OpenAI’s models into its consumer and business products and create new digital experiences utilizing OpenAI’s technology.

This includes the Azure OpenAI Service, which gives developers the ability to create advanced AI applications by directly accessing OpenAI models, according to the tech company.

We’ve had an amazing three years in our partnership,” said Sam Altman, CEO of OpenAI.

Microsoft aligns with our values and we are thrilled to continue our autonomous research and strive to create AI that benefits everyone,” he added.

As OpenAI’s sole provider of cloud services, Azure will support all of OpenAI’s workloads, including research, products, and API services.

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