Microsoft is reportedly considering a $10 billion investment in OpenAI, the creator behind the viral ChatGPT chatbot, Bloomberg reported on Tuesday.
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 ...
“OpenAI has grown so large and influential over the past year that even a ruling against the company now would only prove a temporary roadblock, as the company would surely find ample investment if it needed to pursue that route,” he said. OpenAI leadership turmoil The inquiry follows a pe...
The tech giant on Monday described its new agreement as the third stage of a growing partnership with San Francisco-based OpenAI that began with a $1 billion investment in 2019. It didn't disclose the dollar amount for its latest investment. The partnership positions Microsoft to sharpen ...
Google and Amazon invested in Anthropic, while Microsoft has a close financial relationship with OpenAI. The FTC wants information on the specific investment agreements between the companies and how the partnerships influence product releases and oversight rights. It also wants an analysis of...
From Microsoft’s perspective, the investment will secure a powerful partner for the company’s Azure platform, with OpenAI porting all its services to run on Microsoft Azure, which will then be used to create new AI technologies. When AGI will actually become reality, ...
OpenAI is potentially struggling to secure adequate funding for its advanced AI projects as predictions suggest interest in the AI bubble is quickly fading. Over the past few years, Microsoft's focus has seemingly shifted toward generative AI, especially after itsmulti-billion dollar investment in ...
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 ...
“Finally, the European Commission is checking whether Microsoft's investment in OpenAI might be reviewable under the EU Merger Regulation.” Microsoft has reportedly invested at least $13 billion in OpenAI for a 49% stake in the firm. While this level of equity falls just ...
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...