HomeNewsMicrosoft publicizes new funding in ChatGPT-maker OpenAI

Microsoft publicizes new funding in ChatGPT-maker OpenAI

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Microsoft CEO Satya Nadella speaks on the firm’s Ignite Highlight occasion in Seoul on Nov. 15, 2022.

SeongJoon Cho | Bloomberg | Getty Photos

Microsoft on Monday introduced a brand new multiyear, multibillion-dollar funding with ChatGPT-maker OpenAI.

Microsoft declined to supply a selected greenback quantity, however Semafor reported earlier this month that Microsoft was in talks to take a position as a lot as $10 billion.

The deal marks the third section of the partnership between the 2 corporations, following Microsoft’s earlier investments in 2019 and 2021. Microsoft stated the renewed partnership will speed up breakthroughs in AI and assist each corporations commercialize superior applied sciences sooner or later.

“We shaped our partnership with OpenAI round a shared ambition to responsibly advance cutting-edge AI analysis and democratize AI as a brand new know-how platform,” Microsoft CEO Satya Nadella stated in a weblog submit.

OpenAI works intently with Microsoft’s cloud service Azure. In July 2019, Microsoft backed OpenAI with $1 billion, and the funding made Microsoft the “unique” supplier of cloud computing companies to OpenAI. Microsoft stated Monday that Azure will proceed to function OpenAI’s unique supplier.

Microsoft’s funding may even assist the 2 corporations interact in supercomputing at scale and create new AI-powered experiences, the discharge stated.

OpenAI is ranked by AI researchers as one of many prime three AI labs worldwide, and the corporate has developed game-playing AI software program that may beat people at video video games similar to Dota 2. Nevertheless, it is arguably acquired extra consideration for its AI textual content generator GPT-3 and its quirky AI picture generator Dall-E.

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ChatGPT robotically generates textual content based mostly on written prompts in a vogue that is rather more superior and inventive than the chatbots of Silicon Valley’s previous. The software program debuted in late November and rapidly become a viral sensation as tech executives and enterprise capitalists gushed about it on Twitter, even comparing it to Apple’s debut of the iPhone in 2007. 

The know-how additionally caught the eye of Google executives, who stated in a latest all-hands assembly that whereas Google has comparable AI capabilities, its popularity might endure if it strikes too quick on AI chat know-how.

OpenAI’s founders included Sam Altman, Tesla and SpaceX CEO Elon Musk, Greg Brockman, Ilya Sutskever, Wojciech Zaremba and John Schulman. The group pledged to take a position over $1 billion into the enterprise when it launched. Musk resigned from the board in February 2018 however remained a donor.

— CNBC’s Jonathan Vanian and Jennifer Elias contributed to this report.



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