Microsoft on Monday confirmed it is making a “multibillion dollar” investment in OpenAI, the company behind the viral new AI chatbot tool ChatGPT. Microsoft said the investment is part of a multiyear, multibillion-dollar deal with the San Francisco-based artificial intelligence lab.
ChatGPT, which stands for Chatbot Generative Pre-trained Transformer, has been described as a game-changer in the AI world. The tool can create content, answer questions, and even mimic human conversation. It has become a viral sensation as users are amazed by how realistic it is.
When ChatGPT was asked this week how much the company behind it is worth, it answered, "Microsoft is set to invest $10 billion in OpenAI as part of a funding round that would value the company at $29 billion."
Microsoft has not yet confirmed the reported investment, but sources close to the company say it is considering the move. If the deal goes through, it would be Microsoft’s largest investment in an artificial intelligence initiative.
The investment would be a huge boost to OpenAI, which is currently working on a number of AI projects, including a project to create robots that can think and act like humans. It also has a number of other projects in the works, including a project to create AI-powered chatbots that can help people communicate with each other.
The potential investment could also provide a major boost to the AI industry, as Microsoft is a major player in the market. The company already has a number of AI initiatives, including its Cortana virtual assistant, Office productivity applications, Teams chat program and security offerings.
The investment could also benefit Microsoft in other ways. For example, the company could use the investment to further its efforts to create AI-powered products and services. It could also use the technology to enhance its existing products and services.
It remains to be seen whether or not the reported investment will actually happen, but it is clear that Microsoft is looking into the possibility. If the investment goes through, it could be a major milestone in the development of AI technology.