Microsoft has announced a multi-billion dollar investment in ChatGPT maker OpenAI

Microsoft CEO Satya Nadella speaks at the company’s Ignite Spotlight event in Seoul on November 15, 2022.

Seung Joon Cho | bloomberg | Getty Images

Microsoft On Monday, it announced a new multi-year, multi-billion dollar investment with ChatGPT maker OpenAI.

Microsoft declined to provide a specific dollar amount. Semaphore reported earlier this month that Microsoft is in talks to invest $10 billion.

The agreement represents the third phase of the partnership between the two companies, following previous Microsoft investments in 2019 and 2021. Microsoft said the renewed partnership will accelerate breakthroughs in the field of artificial intelligence and help the two companies commercialize advanced technologies in the future.

“We formed our partnership with OpenAI around a shared ambition to responsibly advance cutting-edge AI research and democratize AI as a new technology platform,” Microsoft CEO Satya Nadella said in the release.

OpenAI works closely with Microsoft’s Azure cloud service. In July 2019, Microsoft backed OpenAI with $1 billion, and the investment made Microsoft the “exclusive” provider of cloud computing services for OpenAI. Microsoft said Azure will continue to serve as the exclusive provider for OpenAI.

The statement said Microsoft’s investment will help the two companies engage in supercomputing at scale, and create new experiences powered by artificial intelligence.

AI researchers have ranked OpenAI as one of the top three AI labs worldwide, and the company has developed game-playing AI software that can beat humans in video games like Dota 2-3 and the quirky AI image generator Dall-E.

ChatGPT automatically generates text based on typed prompts in a way that is more advanced and creative than the chatbots of Silicon Valley’s past. The chatbot debuted in late November and quickly became a sensation as tech executives and venture capitalists flocked to Twitter, even Comparison It is Apple’s debut for the iPhone in 2007.

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