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Microsoft's multi billion investment.

The tech group has con­firmed a «mult­i­bil­lion-dol­lar invest­ment» in Chat­GPT bot-maker OpenAI, the

Microsoft

group's biggest bet yet that AI can trans­form its model. Microsoft has con­firmed a «mult­i­bil­lion-dol­lar invest­ment» in Chat­GPT bot maker OpenAI, mak­ing its biggest bet yet that arti­fi­cial intel­li­gence sys­tems have the power to trans­form the tech giant's busi­ness model and products. People famil­iar with the talks pre­vi­ously said OpenAI was seek­ing $10bn from Microsoft at a $29bn valu­ation. The vast boost of cap­ital for OpenAI, the San Fran­cisco-based developer behind chat­bot Chat­GPT and image gen­er­ator Dall-E, is sym­bolic of investor enthu­si­asm for «gen­er­at­ive AI», which is cap­able of gen­er­at­ing high-qual­ity out­put based on just a few words or sen­tences of human instruc­tion.

AI start-ups, of which OpenAI is now by far the most valu­able, are being flooded with cash des­pite a broader tech mar­ket down­turn that has cost tens of thou­sands of tech work­ers their jobs, includ­ing at Microsoft. Microsoft made its first $1bn invest­ment in OpenAI in 2019, begin­ning a part­ner­ship that secured the tech group's first rights to com­mer­cial­ise the AI tech­no­logy. «Microsoft shares our val­ues, and we are excited to con­tinue our inde­pend­ent research and work towards cre­at­ing advanced AI that bene­fits every­one,» said Sam Alt­man, chief exec­ut­ive of OpenAI. Microsoft said it would increase invest­ments in «super­com­put­ing sys­tems» and build the AI infra­struc­ture on its Azure cloud plat­form.

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Comments

  1. Alan24 January 2023 at 09:59

    It's unfortunate that a lot of people are losing their job but AI is probably a part of our future so we all need to find ways to adapt somehow.

    ReplyDelete
  2. Felicia24 January 2023 at 10:19

    ChatGPT is doing the rounds lately and seeing as they have more money to invest in it I think it will become a real beast in 2 years.

    ReplyDelete
  3. Sandra24 January 2023 at 10:26

    I can't even imagine what it can become seeing how good it is right now. There are many dangers associated with it as there are benefits so it must be handled with care.

    ReplyDelete
  4. Gregory24 January 2023 at 10:35

    I am curious to see if some other company manages to do better than OpenAI. I think this will happen soon.

    ReplyDelete

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