open AI

With ChatGPT, Microsoft wants to integrate artificial intelligence more closely into its own products in the future.

(Photo: IMAGO/NurPhoto)

Palo Alto A few days later Microsoft announced the layoff of 10,000 employees, followed by the announcement of a deal worth billions. The company made a “billion-dollar, multi-year investment” in the OpenAI company, which developed products like ChatGPT. Microsoft Monday with

The investment amounts to ten billion dollars, reported the Bloomberg news agency, citing inside information. Microsoft had already invested a billion dollars in the OpenAI start-up. Microsoft CEO Satya Nadella will present his company’s latest quarterly figures on Tuesday.

ChatGPT is an application based on artificial intelligence. The system can respond to human text input. Simple knowledge questions can be answered on demand, but you can also write computer code or draw up business plans.

OpenAI said: “We look forward to continuing to work with Microsoft and driving this progress forward.” The start-up started as a non-profit company.

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Meanwhile, founder Sam Altman has changed the structure of the company so that part of the OpenAI team can turn a profit. The company describes itself as a “limited profit” company. This structure will continue after Microsoft’s investment. ChatGPT is currently available for free trials.

“Smart move in the global AI arms race”

Analysts, on the other hand, see the Microsoft partnership as an opportunity to make a lot of money. “With ChatGPT being one of the most innovative AI technologies in the industry, Microsoft is clearly aggressive on this front and doesn’t want to be left behind in this potentially game-changing investment in AI,” said asset manager Wedbush analyst Dan Ives. .

Sometimes Microsoft fell asleep on many important future investments. That is changing now. “We believe this strategic investment is a smart move in this global AI arms race,” Ives wrote.

Microsoft announced earlier this month that it intends to integrate ChatGPT into its Azure cloud service. Additionally, Microsoft wants to make the service available to all of its commercial customers after OpenAI applications were initially only available to select users. The service gives Microsoft cloud customers access to various OpenAI tools like that GPT-3.5 language system on which ChatGPT is based, as well as the DALL-E model for generating images from text prompts.

With agency material

More: Microsoft announces 10,000 job cuts this year

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