Microsoft is in discussions to invest up to $10 billion in OpenAI. Microsoft plans to integrate OpenAI’s popular AI bot ChatGPT into its Azure services, which has led the company to consider increasing its stake in OpenAI.
Microsoft has already made Azure OpenAI service available to a select group of clients since its launch in 2021. The service will provide Microsoft’s cloud users access to various OpenAI tools, such as ChatGPT, which is based on GPT-3.5 and Dall-E, a model for creating images from text prompts. This was stated in a blog post by the company.This allows Azure customers to use OpenAI products in their own applications running in the cloud. Microsoft is in talks to invest up to $10 billion in OpenAI, a person familiar with Microsoft’s plans said last week
The plan would involve the Washington based software company investing funds over an extended period, however, the final details may be subject to change, according to sources. It was reported by Semafor last week that the potential investments could lead to OpenAI being valued at approximately $29 billion, based on information from people involved in the discussions.
Officials at Microsoft and his OpenAI declined to comment on the negotiations. Microsoft is already an OpenAI partner thanks to its $1 billion investment in 2019, but it is looking to put its product in competition with Google Alphabet Inc., Strengthen Inc., and Meta Platforms Inc., the most popular and trying to gain insight into advanced AI systems.
ChatGPT has been lighting up the internet since it launched in late November, hitting its first million users in less than a week. Speculation abounded that by mimicking human speech, it could oust professional writers and threaten Google Search’s core business.
The company, co-founded by Elon Musk and Sam Altman, generates revenue by recruiting developers and licensing their technology. The latest technology is the culmination of a year of significant advancements in AI. One of their products, Dall-E, which generates images based on written prompts, has sparked discussions about the impact of AI on the creative field. OpenAI is also in the process of developing the next version of GPT for natural language processing.
There are Concerns regarding its accuracy (which Altman himself says are not enough to rely on bots) have prompted warnings about its premature use, and schools in New York are giving students access to his ChatGPT. Banned. Microsoft is currently using OpenAI’s Codex to automate his Copilot programming tool in his GitHub unit, and is adding this functionality to Azure along with his other OpenAI tools.
The company aims to integrate more OpenAI technology into its Bing search engine, Office productivity applications, Teams chat program, and security software.