Microsoft confirmed on Monday that it is investing “multibillion dollars” in OpenAI, the company behind the viral new chatbot tool called ChatGPT.
Microsoft, an early investor in OpenAI, said it plans to expand its existing partnership with the company in a larger 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 secure, useful and powerful.”
In late November, OpenAI opened up access to ChatGPT, an AI-powered chatbot that can provide lengthy, thoughtful and thorough responses to user prompts and questions. Its responses, while sometimes inaccurate, have stymied users, including academia and some in the tech industry.
The investment comes days after Microsoft announced plans to lay off 10,000 employees as part of wider cost-cutting measures, making it the latest tech company to reduce staff amid growing economic uncertainty.
Microsoft CEO Satya Nadella said the company was not immune to a weak global economy, but added that the company would continue to invest in “strategic areas for our future” and that AI would be the “next big wave” of computing. As pointed to progress. ,