Microsoft investing billions of dollars into ChatGPT maker OpenAI – Axios
Microsoft on Monday announced a significant expansion of its partnership with OpenAI, the maker of generative AI juggernaut ChatGPT.
Why it matters: The new investment, previously reported to be around $10 billion, will provide OpenAI with the capital resources to continue improving and scaling ChatGPT.
- It also further solidifies Microsoft’s position in the generative AI space — not only to extent its core business software products, but also to help its Bing search engine finally compete with Google.
Details: There aren’t many being disclosed yet, except that this is a “multi-year, multi-billion dollar investment.”
- Last week, Microsoft announced plans to lay off around 10,000 employees.
Background: OpenAI previously raised around $1 billion from Microsoft in 2019, as part of its conversion from a nonprofit to a for-profit, with much of that in the form of Axure credits.
Read Full Story: https://news.google.com/__i/rss/rd/articles/CBMiR2h0dHBzOi8vd3d3LmF4aW9zLmNvbS8yMDIzLzAxLzIzL21pY3Jvc29mdC1pbnZlc3RzLWNoYXRncHQtbWFrZXItb3BlbmFp0gEA?oc=5
The post Microsoft investing billions of dollars into ChatGPT maker OpenAI – Axios first appeared on SEO, Marketing and Social News | OneSEOCompany.com.
source: https://news.oneseocompany.com/2023/01/23/microsoft-investing-billions-of-dollars-into-chatgpt-maker-openai-axios_2023012339591.html
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.