Microsoft announces multibillion-dollar investment in ChatGPT-maker OpenAI
Summary
Microsoft CEO Satya Nadella speaks at the companys Ignite Spotlight event in Seoul on Nov. 15, 2022. Microsoft announced on Monday a new multiyear, multibillion-dollar investment with ChatGPT maker OpenAI. The deal marks the third phase of the partnership between the two companies, following Microsofts previous investments in 2019 and 2021. Microsoft said the renewed partnership will accelerate breakthroughs in AI and help both companies commercialize advanced technologies in the future. Microsofts investment will also help the two companies engage in supercomputing at scale, and create new AI-powered experiences, the release said.
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