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Microsoft Confirms Its $10 Billion Investment Into ChatGPT, Changing How Microsoft Competes With Google, Apple And Other Tech Giants
Jan. 31, 2023.
1 min. read.
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Microsoft’s recent investment in OpenAI, the company behind the AI-powered chatbot ChatGPT, is a strategic move that places the tech behemoth at the cutting edge of generative artificial intelligence. The $10 billion investment will power the workloads of research, products, and API services, as well as extend Microsoft’s partnership with OpenAI. Microsoft Azure will continue to be the startup’s sole cloud provider, despite its $29 billion valuation. This investment comes at a time when Microsoft is cutting 10,000 jobs globally while also investing heavily in AI-based technology. The AI-powered chatbot, which already has one million users after only a few months, has the potential to change the AI landscape and be the “iPhone moment” for the field.
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