Microsoft extends OpenAI partnership in a ‘multi-billion dollar investment’
Rumoured to be as much as $10 billion
Microsoft on Monday announced a new “multi-year, multi-billion dollar investment” in OpenAI, the artificial intelligence (AI) research lab behind ChatGPT and DALL·E 2.
The deal marks the third phase of the partnership between the two companies, following Microsoft’s previous investments in 2019 and 2021.
“We formed our partnership with OpenAI around a shared ambition to responsibly advance cutting-edge AI research and democratize AI as a new technology platform,” said Microsoft CEO Satya Nadella.
“In this next phase of our partnership, developers and organizations across industries will have access to the best AI infrastructure, models, and toolchain with Azure to build and run their applications,” he added.
According to the blog post, the renewed partnership will see Microsoft increase its investments in the development and deployment of supercomputing systems to assist OpenAI’s research.
The tech giant’s Azure cloud platform will continue to be OpenAI’s exclusive cloud provider, powering the startup’s workloads across research, products, and API services.
Microsoft did not disclose the size of the investment, but multiple reports claim the company will invest $10 billion over "multiple years."
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