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.
$10 billion is largely a “payment-in-kind” for computing resources. We also don’t know over how many years Microsoft is delivering this $10 billion to OpenAI. In addition, it’s unclear if Microsoft has to pay anything to OpenAI in terms of licensing or royalties to use i...
The scale of the investment was not disclosed, but earlier this month it was reported that Microsoft was in talks to invest $10 billion in OpenAI in a deal that would give it a 49 percent stake in the business as well as 75 percent of OpenAI's profits until it recoups its investment....
Microsoft is investing $1 billion in OpenAI, a San Francisco-based research group dedicated to creating artificial general intelligence (AGI). Through the partnership, the companies will accelerate breakthroughs in AI and power OpenAI’s efforts to create artificial general intelligence. The ...
Microsoft is investing $1 billion in OpenAI to support us building artificial general intelligence (AGI) with widely distributed economic benefits. We’re partnering to develop a hardware and software platform within Microsoft Azure which will scale to AGI. We’ll jointly develop new Azure AI superc...
in October that it has raised $6.6 billion in new funding at a $157 billion post-money valuation. The funding round made OpenAI one of the top three most valued startups across the world, along with SpaceX and ByteDance. Microsoft was said to join in the funding with about $750 ...
(AI) and cloud computing at large, Microsoft announced this week that it is investing $1 billion in OpenAI, a research lab dedicated to creating artificial general intelligence (AGI). Founded by a host of technology bigwigs including Elon Musk and Sam Altman, OpenAI w...
Microsoft's $1 billion investment announced today goes to OpenAI LP (the for-profit arm), while the partnership is with the whole entity, asBloomberg notes. In Memoriam: All the consumer products Microsoft has killed off Windows How to upgrade your 'incompatible' Windows 10 PC to Windows ...
According to The Information, Microsoft and OpenAI plan to invest $100 billion to build the “Stargate” (Stargate) AI supercomputer. OpenAI's next major artificial intelligence upgrade is expected to be implemented early next year. Microsoft executives hope to release the “Stargate” (Stargate) ...