The deal is rumored to amount to around $10 billion.

This morning, Microsoft announced the latest development in its now-four-year partnership with artificial intelligence development company, OpenAI. Following the public and prolific debut of OpenAI’s ChatGPT service, an AI-powered chatbot that has been trending thanks to its uncanny mimicry of human texting, Microsoft has announced that they will be investing a substantial sum of money in OpenAI to further develop AI tech. While Microsoft did not divulge the exact amount in the deal, rumors have circulated that they are planning to invest around $10 billion.

Microsoft expands its pact with OpenAI in 'multibillion dollar' deal https://t.co/VqhjhTeSYy pic.twitter.com/hFYRayRJSf

— Engadget (@engadget) January 23, 2023

“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,” Microsoft CEO Satya Nadella said in a press release.

“The past three years of our partnership have been great,” said Sam Altman, CEO of OpenAI. “Microsoft shares our values and we are excited to continue our independent research and work toward creating advanced AI that benefits everyone.”

Microsoft said it is making a multiyear, multibillion dollar investment in OpenAI, substantially bolstering its relationship with the startup behind the viral ChatGPT chatbot https://t.co/DZUge5CWxf

— The Wall Street Journal (@WSJ) January 23, 2023

OpenAI has become one of the most prolific names in AI development, ranking as one of the three most prominent AI labs in the entire world. Their systems like ChatGPT and image-generator Dall-E have showcased the incredible potential of AI, and with Microsoft’s backing, they will continue to develop these impressive systems.

Milo McKabe January 23, 2023

Microsoft Making Major Investment into OpenAI

The deal is rumored to amount to around $10 billion.