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Tech Giants Microsoft and OpenAI Trumpet Multi-billion-dollar JV

The AI technology company OpenAI declared of it receiving a multi-year and multi-billion-dollar investment from the tech giant Microsoft following the previous investments in 2019 and 2021 respectively. The talk-of-the-town prevailing for the past couple of weeks in the market boasted of a $10 billion investment, although the two organizations have not officially made any announcement regarding the deal.

Established in 2015, OpenAI has been a significant accelerator for several key technologies making 2022 the year of generative AI that consisted of GitHub Copilot for programming assistance, the ChatGPT chatbot (powered by GPT-3), and DALL-E image synthesis.

Microsoft has been working with OpenAI for integrating its Bing search engine with OpenAIs language model technology. Mr. Sam Altman, CEO of OpenAI said in a press release, “The past three years of our partnership have been great. Microsoft shares our values and we are excited to continue our independent research and work toward creating advanced AI that benefits everyone.”

Both the tech organizations have mentioned about their focus on supercomputing at scale to boost OpenAI’s research, integrating OpenAI’s technology into a wide range of Microsoft products and enhancing the digital experiences, thereby retaining Microsoft as OpenAI’s exclusive cloud provider with Azure.

Following its responsible AI standards and OpenAI’s efforts at AI Alignment research that seeks to create human-level AI, Microsoft asserted its “shared commitment to building AI systems and products that are trustworthy and safe.” Microsoft said that, “OpenAI has used this infrastructure to train its unique models, which have been deployed in Azure to drive the category-defining AI products like ChatGPT, DALL·E 2, and GitHub Copilot respectively.”