Microsoft intends to increase its investment in OpenAI by many billions of dollars, betting its future on the startup and technology that created the well-liked chatbot ChatGPT and paving the way for more rivalry with Google.
Microsoft, which recently proclaimed an AI revolution, is building on a wager it placed on OpenAI almost four years ago. The software behemoth gave the start-up, which Elon Musk and investor Sam Altman co-founded in 2019, $1 billion (€922 million) in 2019. Since then, among other types of assistance, a supercomputer has been developed to run OpenAI’s technology.
In a blog post published on Monday, Microsoft stated, “Today, we are announcing the third phase of our long-term collaboration with OpenAI through a multiyear, multibillion-dollar commitment to accelerate AI advancements and guarantee these benefits are extensively shared with the world.
A Microsoft representative declined to comment on the investment’s
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