Tech giant Microsoft has extended its partnership with OpenAI, the organization behind the leftist chatbot ChatGPT, announce a new “multiyear, multibillion-dollar” investment in the firm.
The New York Times reports that the San Francisco-based artificial intelligence lab OpenAI, which is well-known for its work on ChatGPT, has recently received a sizable investment from Microsoft. The companies did not disclose the deal’s precise financial details, but rumors indicate it may have been worth up to $10 billion.
Microsoft’s partnership with OpenAI, which began in 2019 with a $1 billion investment, is being continued with this investment. Since then, Microsoft has added $2 billion to its stake in the business, funding OpenAI’s research into generative AI technologies.