Microsoft is investing billions in OpenAI, the creator of the artificial intelligence system ChatGPT, the tech giant has confirmed.
In a blog post on Jan. 23, the company announced the third phase of its “long-term partnership with OpenAI” through a multiyear, multibillion-dollar investment aimed at accelerating “AI breakthroughs to ensure these benefits are broadly shared with the world.”
Microsoft previously made investments in OpenAI in 2019 and 2021, the company said.
According to the tech giant —which stopped short of revealing the exact amount it was investing in the AI research and deployment company—the funding will go toward the development and deployment of specialized supercomputing systems to “accelerate OpenAI’s groundbreaking independent AI research.”…