Microsoft has announced a new multi-year investment in artificial intelligence (AI) chatbot developer ChatGPT, OpenAI. Microsoft did not name a specific investment amount; a week earlier; Bloomberg and Semafor reported that the company was in talks to invest up to $10 billion in the ChatGPT OpenAI stock. 

ChatGPT OpenAI Microsoft

Microsoft’s investment will help both companies scale supercomputers and create new capabilities based on artificial intelligence, the report said.

Microsoft is working to add ChatGPT artificial intelligence to its search engine, Bing, so that it can provide concrete answers to queries rather than simply providing links to pages on the Web. Plus, The Information found out that Microsoft is thinking about adding ChatGPT’s text-writing and editing capabilities to its office applications — Word Word, PowerPoint presentation editor and Outlook email service.

ChatGPT is able to answer users’ questions, give explanations, create texts (e.g., writing poems and stories or drafting legal documents), while imitating the speech style of a person without disabilities. OpenAI has also developed AI game software that can beat people at video games such as Dota 2, and the AI image generator Dall-E.

ChatGPT was launched in late November 2022. OpenAI was founded as a nonprofit organization in 2015 to conduct research on artificial intelligence. OpenAI’s founders include billionaire Ilon Musk, LinkedIn co-founder Reed Hoffman, and technology investor Sam Altman, who now runs the company. According to CNBC, the founding investor group then pledged to invest more than $1 billion in the company. Musk resigned from the board in February 2018, but remained an investor.

The company was valued at $14 billion in 2021. In January 2023, OpenAI was in talks with investors to sell its stock based on a valuation of the entire company of about $29 billion. The Wall Street Journal wrote, citing knowledgeable sources. Khosla Ventures, Sequoia Capital, Tiger Global, Y Combinator and Bedrock Capital are among the co-owners of the company.

Earlier, we reported that Apple sharply reduced the price of the iPhone 14 in China to increase sales.