Microsoft Announces Multibillion-Dollar Investment with OpenAI

Microsoft on Monday announced a multibillion-dollar investment with ChatGPT-maker OpenAI, its third phase of the partnership between the two companies after the investment in 2019 and 2021 by Microsoft.

“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 wrote in a blog post.

Microsoft declined to provide a specific investment amount, but earlier this year, there were reports that Microsoft was negotiating with OpenAI for an investment amounting $10 billion.

The investment by Microsoft will help the two parties engaging in supercomputing at scale and create new AI-powered experiences.

OpenAI launched its chatbot last month that went viral and shook the world. The bot can communicate back and forth, write a verse or even a programming code. The bot recently passed a Wharton MBA exam.