Microsoft is set to invest $10 billion in OpenAI as part of a funding round that would value the company at $29 billion, news site Semafor reported Tuesday. Microsoft will reportedly get a 75% share of OpenAI's profits until it makes back the money on its investment, after which the ...
Microsoft is reportedly considering a $10 billion investment in OpenAI, the creator behind the viral ChatGPT chatbot, Bloomberg reported on Tuesday.
Microsoft revealed on Monday that it’s making a further investment in OpenAI, the company behind the much-talked-aboutAI-powered chatbot ChatGPT. In a statement on its website, the computer giant described the move as a “multiyear, multibillion-dollar” investment, declining to offer more sp...
This marks the first time Microsoft has built its own AI model of this magnitude since investing over $10 billion in OpenAI for the rights to reuse the startup's AI models. OpenAI's GPT-4 powers not only ChatGPT but also Microsoft Copilot. The new model, internally referred to as MAI-...
Nadella spearheaded Microsoft’s $10-billion investment in OpenAI in January 2023, which in many respects catalyzed the AI gold rush that’s dominated the tech industry since. U.S. companies building AI products have received $53.6 billion in investment since 2019,according to Deal...
The FTC opened an inquiry into the impact of billion-dollar investments by cloud providers into AI startups on the competitive landscape of generative AI.
Also Read:ChatGPT Parent OpenAI Aims At Budget-Friendly AI Innovations To Bring Down Costs In 2023, Microsoft invested $10 billion in OpenAI under a "multiyear" agreement that valued the company at $29 billion. OpenAI's CEO, Sam Altman, expressed hope forcontinued investment fromMic...
Sam Altman, the former president of Y Combinator, is the CEO of artificial intelligence startup OpenAI. Paul Morris—Getty Images If all goes according to OpenAI’s financial plans,Microsoftwill close a$10 billioninvestment deal into the artificial intelligence startup before the end of this month...
In the meantime, by 2022, Microsoft was in talks to invest another $10 billion into the partnership. Discussions closed, as Microsoftconfirmedits multi-year, multi-billion dollars investment into OpenAI, which is moving along three pillars: ...
By now, investors are well aware of the$13.5 billion investmentinto OpenAI byMicrosoft(MSFT)- including the $10 billion it earmarked for theartificial intelligence (AI)start-upin January 2023. That major move into AI lit a fire under Microsoft’s stock, which isup by more than 56%in ...