Microsoft announced a multi-year, multi-billion dollar investment in OpenAI, the developer of the popular AI-driven ChatGPT.
Details about Microsoft announced a multibillion-dollar investment in OpenAI, the developer of ChatGPT
The internet giant, which infused $1 billion in OpenAI in 2019, did not specify the investment amount in the “third phase of our long-term cooperation with OpenAI”. According to previous rumours, Microsoft may invest up to $10 billion in OpenAI.
“We launched our relationship with OpenAI with the goal of responsibly advancing cutting-edge AI research and democratising AI as a new technology platform,” stated Satya Nadella, Chairman and CEO of Microsoft.
“With Azure, developers and organisations across industries will have access to the greatest AI infrastructure, models, and toolchain to build and execute their applications in this next chapter of our cooperation,” Nadella continued.
Microsoft will now enhance its investments in the development and deployment of specialised supercomputing platforms in order to speed up OpenAI’s ground-breaking independent AI research.
It will incorporate OpenAI models into its consumer and enterprise offerings, as well as launch new categories of digital experiences based on OpenAI technology.
According to Microsoft, this includes the Azure OpenAI Service, which enables developers to construct cutting-edge AI applications by providing direct access to OpenAI models.
“Our cooperation has been fantastic for the previous three years,” said Sam Altman, CEO of OpenAI.
“We are thrilled to continue our independent research and strive toward producing superior AI that helps everyone,” he added.
Azure will power all OpenAI workloads spanning research, products, and API services as the exclusive cloud provider.