News Formal

Microsoft confirms big OpenAI funding, but not how much - Silicon Valley Business Journal

  • 📰 svbizjournal
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 59%

United States News News

United States United States Latest News,United States United States Headlines

As part of a multiyear deal, Microsoft will reportedly invest a whopping $10 billion in the ChatGPT developer

In its announcement about the deal, Microsoft didn't disclose any specifics of the arrangement.

The software giant's arrangement with OpenAI doesn't provide it with exclusive access to OpenAI's technology, Sam Altman, the AI development company's CEO,last week. OpenAI can still develop software products and services of its own, as well as license its technology to companies besides Microsoft, he said.

"Whenever someone talks about a technology being the end of some other giant company, it's usually wrong," Altman said."People forget they get to make a countermove here, and they're pretty smart, pretty competent."Share Creators Software Inc.,

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 334. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Microsoft makes new 'multibillion-dollar' investment in ChatGPT-maker OpenAIMicrosoft says it is making a “multiyear, multibillion dollar investment” in the artificial intelligence startup OpenAI, maker of ChatGPT and other tools... Nice ideas
Source: MarketWatch - 🏆 3. / 97 Read more »