Microsoft has announced a new multi-billion-dollar investment in ChatGPT creator, OpenAI.
“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,” Satya Nadella, Microsoft’s CEO, said.
The move means Microsoft will be OpenAI’s exclusive cloud partner.
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.
In a separate blog post, OpenAI said the multi-year investment will be used to “develop AI that is increasingly safe, useful, and powerful.”
Microsoft didn’t reveal the value of its investment, but it is reported to be $10 billion.
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.
“Microsoft shares our values and we are excited to continue our independent research and work toward creating advanced AI that benefits everyone,” Sam Altman, CEO of OpenAI, said on Microsoft’s investment.
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.
