Microsoft invests billions more dollars in OpenAI, extends partnership
https://techcrunch.com/2023/01/23/microsoft-invests-billions-more-dollars-in-openai-extends-partnership/
Microsoft today announced that it’s extending its partnership with OpenAI, the startup behind art- and text-generating AI systems like ChatGPT, DALL-E 2 and GPT-3, with a “multi-year, multi-billion-dollar” investment. OpenAI says that the infusion of new capital — the exact amount of which wasn’t disclosed — will be used to continue its independent research and develop AI that’s “safe, useful and powerful.”
OpenAI will remain a capped-profit company as a part of the deal. Under the model, backers’ returns are limited to 100 times their investment — or possibly less in the future.
Microsoft invests billions more dollars in OpenAI, extends partnership
Jan 23, 2023, 3:25pm UTC
https://techcrunch.com/2023/01/23/microsoft-invests-billions-more-dollars-in-openai-extends-partnership/
> Microsoft today announced that it’s extending its partnership with OpenAI, the startup behind art- and text-generating AI systems like ChatGPT, DALL-E 2 and GPT-3, with a “multi-year, multi-billion-dollar” investment. OpenAI says that the infusion of new capital — the exact amount of which wasn’t disclosed — will be used to continue its independent research and develop AI that’s “safe, useful and powerful.”
> OpenAI will remain a capped-profit company as a part of the deal. Under the model, backers’ returns are limited to 100 times their investment — or possibly less in the future.