What Microsoft gets from betting billions on the maker of ChatGPT

[superadmin]

Microsoft revealed last week that it will lay off 10,000 people throughout 2023. But don’t think that means the company is having money problems. On Monday, the company announced that it’s investing billions of dollars into the hot artificial intelligence platform OpenAI.

This is Microsoft’s third investment in the company, and cements Microsoft’s partnership with one of the most exciting companies making one the most exciting technologies today: generative AI. It also shows that Microsoft is committed to making the initiative a key part of its business, as it looks to the future of technology and its place in it. And you can likely expect to see OpenAI’s services in your everyday life as companies you use integrate it into their own offerings.

Microsoft told Recode it was not disclosing the deal’s specifics, but Semafor reported two weeks ago that the two companies were talking about $10 billion, with Microsoft getting 75 percent of OpenAI’s profits until it recoups its investment, after which it would have a 49 percent stake in the company. The New York Times has since confirmed the $10 billion amount.

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[Hannahwalters74]

Microsoft's recent investment in OpenAI shows its commitment to generative AI. This technology is becoming increasingly important and you can expect to see it integrated into many products and services. If you're looking for generative AI services, Branex is a great option.