Key takeaways
- Microsoft finally confirmed that they were extending the partnership with OpenAI, the maker of the revolutionary ChatGPT tool. Microsoft Azure will also continue as the exclusive cloud provider for the tool since OpenAI uses Azure to train all of its models.
- The tech giant didn’t give a financial figure, but it’s rumored that the investment will be $10 billion as Microsoft looks to accelerate the breakthroughs in AI to benefit the world, according to a release.
- Artificial intelligence has the potential to change the landscape when it comes to how tech giants compete with each other. Some experts believe there will be a competitive AI landscape as companies seek ways to optimize business operations with machine learning.
Microsoft has finally commented on the rumblings about the $10 billion investment into the OpenAI, maker of ChatGPT, after rumors have been swirling for weeks about this colossal financial deal. While Microsoft didn’t confirm the actual financial figure in the press release on Monday, they did announce the partnership between the two companies would be extended.
This recent investment is the third phase of the financial commitment from Microsoft. Previous investments were made in 2019 and 2021 into the AI startup.
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