Microsoft is investing billions of dollars into OpenAI, the company behind the popular ChatGPT language generation tool, as part of a third phase of a partnership between the two tech companies, Microsoft announced Monday.
Microsoft did not detail the exact amount it is investing in OpenAI with the latest phase, describing it as a “multiyear, multibillion dollar investment.” Semafor previously reported the company was in talks to invest $10 billion into the artificial intelligence company.
The investment adds to the ones Microsoft made in OpenAI in 2019 and 2021 and extends the partnership between the companies as ChatGPT becomes increasingly popular.
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Microsoft investing billions in ChatGPT maker https://t.co/CVQEptkbjQ pic.twitter.com/r0GpoaoZ4S
— The Hill (@thehill) January 23, 2023
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