ANI
24 Jan 2023, 11:25 GMT+10
Redmond (Washington) [US], January 24 (ANI) Microsoft has confirmed it is making a "multibillion dollar" investment in OpenAI, the company behind the viral new AI chatbot tool called ChatGPT, CNN has reported.
Microsoft, an early investor in OpenAI, said it plans to expand its existing partnership with the company as part of a greater effort to add more artificial intelligence to its suite of products, according to CNN report. In a separate blog post, OpenAI said the multi-year investment will be used to "develop AI that is increasingly safe, useful, and powerful.""We formed our partnership with OpenAI around a shared ambition to responsibly advance cutting-edge AI research and democratise AI as a new technology platform," Satya Nadella, Microsoft's CEO, said in a statement.
The deepening partnership between the two companies has the potential to supercharge OpenAI's ambitious projects, including ChatGPT, which has captured the attention of - and sometimes sparked concerns from - academics, business leaders and tech enthusiasts with its ability to create provide lengthy and thorough responses to user prompts and questions, according to CNN report.
The investment could also catapult Microsoft as an AI leader and ultimately pave the way for the company to incorporate ChatGPT into some of its hallmark applications, such as Word, PowerPoint and Outlook, CNN said.
As a result of its existing exclusive deal with OpenAI, Microsoft recently said it would soon add ChatGPT features to its cloud computing service, Azure, CNN said, adding that if ChatGPT becomes available on that service, businesses could use the tools directly within its apps and services, too.
The report said the investment comes days after Microsoft announced plans to lay off 10,000 employees as part of broader cost-cutting measures. Nadella said at the time that the company would continue to invest in "strategic areas for our future" and pointed to advances in artificial intelligence (AI) as "the next major wave" of computing.
OpenAI is also the company behind DALL-E, which generates a seemingly limitless range of images in response to prompts from users. Both DALL-E and ChatGPT are trained on vast amounts of data in order to generate content, according to the CNN report. (ANI)Get a daily dose of Middle East Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Middle East Star.
More InformationLONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
LONDON, U.K.: A little-known investment fund based in the United Arab Emirates has emerged as the most prominent public backer of U.S....
SYDNEY, Australia: Australia will not ease its strict biosecurity rules during trade talks with the United States, Prime Minister Anthony...
New Delhi [India], July 3 (ANI): The recently finalised free-trade agreement (FTA) between India and the United Kingdom (UK) will not...
Washington is losing its dominance in the global artificial intelligence race A growing number of top Western companies are adopting...
Mumbai (Maharashtra) [India], July 3 (ANI): In a major relief for borrowers, the Reserve Bank of India (RBI) has announced that banks...
LONDON, UK - Lawmakers in the United Kingdom have voted overwhelmingly to proscribe the direct-action group Palestine Action as a terrorist...
DHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...
WASHINGTON, D.C.: In a significant ruling last week, the U.S. Supreme Court upheld a Texas law requiring age verification for users...
ISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...
VENICE, Italy: Over the weekend, hundreds of protesters marched through the narrow streets of Venice to voice their opposition to billionaire...
PARIS, France: France is taking stronger steps to reduce smoking. A new health rule announced on Saturday will soon ban smoking in...