Microsoft is investing billions more dollars into advancing artificial intelligence, announcing a new deal with OpenAI–the makers of ChatGPT–to create “transformative” solutions in the technology space. Microsoft said it believes AI could become as significant to the tech world as the PC and the internet.
Microsoft previously invested in OpenAI in 2019 and 2021, and this new investment is rumored to be in the area of $10 billion. The company says the money will go toward helping OpenAI “accelerate AI breakthroughs” that benefit the world.
Of course, Microsoft is doing this to make money. In its announcement, Microsoft plainly said the ongoing collaboration with OpenAI is mutually beneficial to the companies, as it “enables each of us to independently commercialize the resulting advanced AI technologies.”