Microsoft’s Tech Romance with OpenAI Continues with $2B Investment

Microsoft has invested an additional $2 billion in ChatGPT's creator, according to anonymous source

In July 2019, Microsoft invested US$1 billion in OpenAI to support building artificial general intelligence (AGI) with widely distributed economic benefits. Now, as a new chatbot wows the world with its conversational talents, a resurgent tech giant is poised to reap the benefits while doubling down on a relationship with the start-up OpenAI. Microsoft has invested an additional $2 billion in ChatGPT's creator, according to anonymous sources. The $3 billion in total funding has helped OpenAI to scale systems, and facilitate ChatGPT at a public level, and now, the Redmond-based tech giant is looking to invest another $10 billion in OpenAI to challenge competitors like Google, Amazon, and Apple.

In an interview, Eric Boyd from Microsoft's AI team stated, "the expectation from Satya is that we're pushing the envelope in AI, and we're going to do that across our products."

Based on GPT-3 and GPT-3.5, ChatGPT has the ability to disrupt sectors like digital assistants and internet search, and Microsoft views it as a means to enhance its goods and increase sales of Azure cloud computing.

Microsoft is now poised to challenge Big Tech competitors like Google, Amazon and Apple with a technological advantage the company has not possessed for more than two decades. The potential $10 billion deal — which would mainly provide OpenAI with even larger amounts of computing power — has not been finalized and the funding amount could change. But the talks are indicative of the tech giant's determination to be on the leading edge of what has become the hottest technology in the tech industry.