Microsoft confirmed on Monday that it is investing “billions of dollars” in OpenAI, the company behind a viral new chatbot tool called ChatGPT.
Microsoft, an early investor in OpenAI, said it plans to expand its existing partnership with the company as part of a larger effort to add more artificial intelligence to its product suite. In a separate blog post, OpenAI said its multi-year investment will be used to “develop increasingly safe, convenient, and powerful AI.”
In late November, OpenAI opened access to ChatGPT. ChatGPT is an AI-powered chatbot that can provide long, thoughtful, and thorough responses to user prompts and questions. The answers, though sometimes inaccurate, surprised users, including academics and some in the tech industry.
The investment comes days after Microsoft announced plans to lay off 10,000 employees as part of broader cost-cutting measures, and is the latest to cut staff due to heightened economic uncertainty. technology company.
Microsoft CEO Satya Nadella said the company has not been affected by the weakening global economy, but the company continues to invest in “strategic areas for the future” He pointed out the advancement of AI as the next big wave. .