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Tuesday, January 24, 2023

Microsoft Invests $10 Billion in ChatGPT Maker OpenAI

 Quite a vote of confidence in the value of this tech.  Note 'new categories of products'  mentioned.   In both consumer and corporate markets.   A big AI win?  If  so it took since the late 80's to congeal.  Are we ready? 

Microsoft Invests $10 Billion in ChatGPT Maker OpenAI   By Bloomberg,  January 24, 2023

Microsoft plans to use OpenAI’s models throughout its consumer and corporate products and to release new categories of products based on OpenAI’s work.

Microsoft Corp. is investing $10 billion in OpenAI, whose artificial intelligence tool ChatGPT has lit up the internet since its introduction in November, amassing more than a million users within days and touching off a fresh debate over the role of AI in the workplace.

The new support, building on $1 billion Microsoft poured into OpenAI in 2019 and another round in 2021, is intended to give Microsoft access to some of the most popular and advanced artificial intelligence systems. Microsoft is competing with Alphabet Inc., Amazon.com Inc. and Meta Platforms Inc. to dominate the fast-growing technology that generates text, images and other media in response to a short prompt.

At the same time, OpenAI needs Microsoft's funding and cloud-computing power to crunch massive volumes of data and run the increasingly complex models that allow programs like DALL-E to generate realistic images based on a handful of words, and ChatGPT to create astonishingly human-like conversational text.

From Bloomberg  View Full Article   

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