Microsoft Corp on Monday announced a further multibillion dollar investment in OpenAI, deepening ties with the startup behind the chatbot sensation ChatGPT and setting the stage for more competition with rival Alphabet Inc's Google.
Recently touting a revolution in artificial intelligence (AI), Microsoft is building on a bet it made on OpenAI nearly four years ago, when it dedicated US$1 billion for the startup co-founded by Elon Musk and investor Sam Altman.
It has since built a supercomputer to power OpenAI's technology, among other forms of support.
Microsoft in a blog post has now announced "the third phase" of its partnership "through a multiyear, multibillion dollar investment" including additional supercomputer development and cloud-computing support for OpenAI.
Both companies will be able to commercialize the AI tech that results, the blog post said.
A Microsoft spokesperson declined to comment on the terms of the latest investment, which some media outlets earlier reported would be $10 billion.
Microsoft is committing even more resources to keep the two companies at the forefront of artificial intelligence via so-called generative AI, technology that can learn from data how to create virtually any type of content simply from a text prompt.
OpenAI's ChatGPT, which produces prose or poetry on command, is the prime example that last year gained widespread attention in Silicon Valley.
Microsoft last week said it aimed to imbue such AI into all its products, as OpenAI continues to pursue the creation of human-like intelligence for machines.
Microsoft has started adding OpenAI's tech to its search engine Bing, which for the first time in years is being discussed as a potential rival to Google, the industry leader.
The widely anticipated investment shows how Microsoft is locked in competition with Google, the inventor of key AI research that is planning its own unveil for this spring, a person familiar with the matter previously told Reuters.
Microsoft's bet comes days after it and Alphabet each announced layoffs of 10,000 or more workers. Redmond, Washington-based Microsoft warned of a recession and growing scrutiny of digital spend by customers in its layoff announcement.
Reporting By Jeffrey Dastin in Palo Alto, California; Additional reporting by Eva Mathews in Bengaluru; Editing by Krishna Chandra Eluri, Kirsten Donovan and Jan Harvey
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Ceremonies, events and protests are being held across Canada today to mark the anniversary of a Hamas attack on Israel that triggered the ongoing war in Gaza.
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The mayor of a state capital in southern Mexico has been killed just one week after he took office, officials said Sunday.
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Former U.S. President Donald Trump on Monday suggested undocumented immigrants who commit murder have 'bad genes,' in the latest example of the former president using dehumanizing rhetoric as he tries to stoke fears about those in the country illegally.
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Israelis held sombre ceremonies on Monday to mark a year since the deadliest attack in the country's history, a Hamas-led raid that shattered its sense of security and ignited wars on two fronts with no end in sight.
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Federal political parties appear to be locked in a game of chicken over a debate that has stalled almost all business in the House of Commons.
A federal inquiry says the Liberal government has consented to the public disclosure of summaries of cabinet documents about foreign interference.
Georgia's highest court reinstated a ban on nearly all abortions after about six weeks of pregnancy on Monday while it considers the U.S. state's appeal of last week's ruling by a lower court judge blocking the law.
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A spacecraft blasted off Monday to investigate the scene of a cosmic crash.
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Ticketmaster is enforcing new rules around how fans transfer Taylor Swift tickets amid a surge in reported scams.
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The U.S. Supreme Court on Monday rejected an appeal from Martin Shkreli, who was once dubbed 'Pharma Bro' after jacking up the price of a lifesaving drug.
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JetBlue’s economy class passengers will no longer find hot meals on the menu aboard transatlantic flights.
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Shams Charania has been hired as ESPN's senior NBA insider, replacing his mentor Adrian Wojnarowski.
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Celine Dion introduced the marquee Dallas Cowboys - Pittsburgh Steelers Sunday Night Football game before getting drenched by orange Gatorade.
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The London Knights have just become instant favourites for another Ontario Hockey League (OHL) championship.
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Officers arrested a man accused of pointing a firearm at two people in Barrie over the weekend.
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Students in Sports and Recreation Management at Lambton College have been given the opportunity to work alongside the Detroit Tigers and Detroit Red Winds through their Fundraising and Sport Sponsorship course.
U.S. Customs and Border Protection officers seized $17,000 in unreported cash at the Ambassador Bridge.
Windsor police are releasing statistics for the new Offender Management Unit that was launched earlier this year.
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A Lethbridge police officer involved in a scandal involving former Lethbridge New Democrat MLA Shannon Phillips has been reprimanded.
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Greater Sudbury in partnership with the Organization for Economic Co-operation and Development, is hosting the organization's annual mining conference.
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He may not have logged the fastest time or even gone the full distance, but residents of a Newfoundland town agree the goat who unexpectedly joined the local weekend half marathon was the event's undisputed champion.
A mother in a community where the cost of living is one of the highest in the country says grocery prices are 'inhumane' and retailers are putting profits ahead of people’s basic human right to food.
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