AI ChatGPT developer gets $10B investment from Microsoft
Christopher Hutton
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Microsoft intends to extend its partnership with a quickly rising artificial intelligence startup and to invest billions of dollars into its new project.
The software company announced on Monday that it was extending its partnership with OpenAI, the creator of the viral chatbot ChatGPT. The investment reportedly will total $10 billion over multiple years.
The new investment “will allow us to continue our independent research and develop AI that is increasingly safe, useful, and powerful,” OpenAI said in a statement.
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“We formed our partnership with OpenAI around a shared ambition to responsibly advance cutting-edge AI research and democratize AI as a new technology platform,” Microsoft CEO Satya Nadella said in a blog post.
Microsoft invested $1 billion in OpenAI in 2019 in an initial investment and has established a strategic partnership with the company to develop advanced AI via Microsoft’s cloud computing service, Azure. The initial $1 billion has helped the startup’s profile grow exponentially through its development of AI image generators and ChatGPT.
ChatGPT went viral in December, with users using the bot to write school-level essays and answer complex coding and mathematical queries. The app has also drawn scrutiny from teachers concerned about the tool being used for cheating. At least one school district has barred the use of the software.
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The software is also facing regulatory pressure overseas. The Cyberspace Administration of China announced in December that it was implementing rules that would ban the use of AI-generated images such as deepfakes for “fake news” purposes.