Microsoft confirmed the rumors by issuing a press release saying that it has signed a multi-year contract with the creator of ChatGPT.
Confirming recent rumors, Microsoft said in a statement that it has decided to expand its long-term partnership with OpenAI through a multi-year, multibillion-dollar investment. Redmondi's statement comes as informed sources said Microsoft is looking to invest $10 billion in ChatGPT and DALL-E 2 maker. These two news tools are developed on the basis of artificial intelligence.
Microsoft CEO Satya Nadella said in the company's statement that Microsoft and OpenAI are looking to advance research focused on artificial intelligence and turn this technology into a new platform: "In this new phase of our collaboration, developers and organizations across industries can access the best infrastructure through Azure. and get access to artificial intelligence models and toolsets.
As part of the agreement, Microsoft is to increase investment in the development and implementation of supercomputing systems aimed at helping OpenAI research. Microsoft is now OpenAI's exclusive business partner for providing cloud services.
Also, Microsoft plans to inject OpenAI artificial intelligence models into its various consumer and enterprise products. Chatbot ChatGPT is rumored to be added to Bing to make the search engine a better competitor to Google. Also, Microsoft is likely to optimize Word, PowerPoint, and Outlook applications using artificial intelligence models.
Microsoft has not announced the exact number of the contract with OpenAI. Last week, the company released a new service called Azure OpenAI, which includes several artificial intelligence models made by OpenAI, including GPT-3.5, Codex, and DALL-E. Azure OpenAI is for businesses.
According to conflicting reports, Microsoft is going to receive 75% of the company's profits until the return of the funds it has put at the disposal of OpenAI. Microsoft will also acquire 49% of OpenAI's shares. Even after signing a deal with Microsoft, OpenAI says it can still raise funds from other companies.
In 2019, Microsoft invested $1 billion in OpenAI, and a year later, it bought the exclusive license of the technology used in GPT-3 from the company. These two companies have a close business relationship for years.
