Microsoft Corporation revealed that it would be investing $10 billion in OpenAI, the ground-breaking artificial intelligence research facility behind ChatGPT and DALL-E, over several years. The announcement comes less than a week after the business announced it would let go of 10,000 employees due to a decline in the demand for software. Microsoft stated in that announcement that it would continue to hire and invest in its top priorities.
On Tuesday, the software developer revealed financial numbers for the second quarter. Microsoft stayed mum regarding the amount of its investment on Monday, but a source familiar with the matter claimed that it amounts to $10 billion over several years.
According to a statement from OpenAI, the investment from Microsoft will enable them to continue their independent research and develop increasingly safe, practical, and potent AI.
Microsoft is vying with Alphabet Inc., Amazon.com Inc., and Meta Platforms Inc. to dominate the exponentially growing market by attempting to get an edge over some of the most acclaimed and sophisticated artificial intelligence systems. Three years back, in 2019, Microsoft invested $1 billion in OpenAI.
Microsoft’s funding and cloud computing resources are indispensable to processing humungous amounts of data and running the intricate models that enable ChatGPT to generate mind-boggling human-like conversational text in response to prompts or queries and Dall-E to generate realistic images based on a few words.
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Since its launch in late November, ChatGPT has skyrocketed online, garnering a million users in less than a week. Its capacity to mimic actual people’s speech and writing has triggered apprehension about its potential to replace professional writers and complete students’ schoolwork. The technology has additionally been referred to as a potential danger to Google’s primary search operation.
