The world-famous tech company, Microsoft (MSFT) is planning a multi-year, multi-billion dollar investment in OpenAI.
Bill Gates’ Microsoft will be Investing Billions in OpenAI ;
OpenAI is the company responsible for the much discussed, and a technology at the forefront of everything today, the AI powered chatbot, the much talked about tool- ChatGPT. After considering the multiple capabilities of ChatGPT, Microsoft has decided to move in this direction, and with innovations is planning on giving it a potential edge over its competitors, ranging from Salesforce (CRM) to even Google (GOOG, GOOGL).
Microsoft CEO Satya Nadella has said in a statement that the company has formed its partnership with OpenAI around a shared vision to advance the cutting edge AI research in a much more responsible manner, and also to mark 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 further added.
In 2019, Microsoft had invested $1 billion in OpenAI. The latest investment in the platform comes as a result of a round of layoffs that have struck businesses right from its cloud servicing to gaming.
Recently, OpenAI has gained tremendous attention, all thanks to its strikingly easy AI-powered applications including the DALL-E image platform, and even more recently ChatGPT, the chatbot. People’s interest in ChatGPT spiked in November, since the application was made available for public use.
In another statement, OpenAI has stated that Microsoft’s investment will help the platform to develop and research AI claiming that it will be increasingly “safe, useful, and powerful.”
“We’ve worked together to build multiple supercomputing systems powered by Azure, which we use to train all of our models,” the company said in a statement.
“Azure’s unique architecture design has been crucial in delivering best-in-class performance and scale for our AI training and inference workloads. Microsoft will increase their investment in these systems to accelerate our independent research and Azure will remain the exclusive cloud provider for all OpenAI workloads across our research, API and products.”