The Rumors Are True: Microsoft Is Investing $10 Billion OpenAI, creator of ChatGPT And Dal-e 2,
The investment is the third phase of Microsoft’s partnership with OpenAI “in an effort to accelerate AI breakthroughs to share these benefits with the world more broadly”. The company wrote in a blog post(opens in a new tab),
Spotify’s layoffs are the latest in Big Tech’s cutbacks
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The deal isn’t a total blowout, and comes a few weeks later Rumors Swirl About Microsoft Investing $10 Billion in OpenAI,
“We built our partnership with OpenAI to responsibly advance cutting-edge AI research and democratize AI as a new technology platform,” Microsoft CEO Satya Nadella said in a blog post. “In this next phase of our partnership, developers and organizations across industries will have access to the best AI infrastructure, models and toolchains with Azure to build and run their applications.”
The partnership was extended due to ChatGPT’s relatively new Internet success, but when Mashable asked ChatGPT(opens in a new tab) Commenting on its development, Tool said:
“I am an AI model developed and maintained by OpenAI, I do not have specific details of the partnership between Microsoft and OpenAI and the reasons for expanding their partnership. However, it is possible that the success of ChatGPT and its use in various applications are among those reasons. could be one of the factors that led to the expansion of the partnership. ChatGPT’s success could demonstrate the value of collaboration and the potential for AI to advance. It could also demonstrate the effectiveness of AI across a wide range of users and industries. partnership in bringing powerful AI tools to the U.S. But again, I don’t have the exact details and it would be best to check with Microsoft or OpenAI for their official statement regarding the reasons for expanding their partnership”
The deal was announced less than a week after Microsoft announced that it will lay off 10,000 people — about five percent of its workforce — by the end of the third quarter of the 2023 fiscal year. A day before the layoffs, Microsoft executives enjoyed private sting concert(opens in a new tab),
