Microsoft Announces Further Multibillion Dollar Investment in OpenAI as Competition Heats Up
Microsoft Corp on Monday announced a further multibillion dollar investment in OpenAI, deepening ties with the startup behind the chatbot sensation ChatGPT and setting the stage for more competition with rival Alphabet Inc's Google. Recently touting a revolution in artificial intelligence (AI), Microsoft is building on a bet it made on OpenAI nearly four years ago, when it dedicated $1 billion (roughly Rs. 8,200 crore) for the startup co-founded by Elon Musk and investor Sam Altman. It has since built a supercomputer to power OpenAI's technology, among other forms of support. Microsoft in a blog post has now announced "the third phase" of its partnership "through a multiyear, multibillion dollar investment" including additional supercomputer development and cloud-computing support for OpenAI. Both companies will be able to commercialize the AI tech that results, the blog post said. A Microsoft spokesperson declined to comment on the terms of the late...