Microsoft OpenAI investment

BuzzFeed Smashes Records for Trading Volume on OpenAI Frenzy

31Jan

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Technology

BuzzFeed Smashes Records for Trading Volume on OpenAI Frenzy

[ad_1] Companies tied to artificial intelligence services recorded some of their highest trading volumes on record this month, amid a frenzy of interest in the ChatGPT tool, which generates conversation-style interactions. Companies tied to artificial intelligence services recorded some of their highest trading volumes on record this month, amid a frenzy of interest in the ChatGPT tool, which generates conversation-style interactions. Last week, Microsoft Corp. said it was investing $10 billion in OpenAI, the maker of ChatGPT, and BuzzFeed Inc. announced plans to use OpenAI to help with content creation. Over the weekend, Bloomberg News reported that the China-based search company Baidu Inc. is planning to roll out an artificial intelligence chatbot service similar to ChatGPT. Th...

Microsoft invests billions in ChatGPT-maker OpenAI

[ad_1] Microsoft says it is making a “multiyear, multibillion dollar investment” in the artificial intelligence startup OpenAI, maker of ChatGPT and other tools that can write readable text and generate new images. Microsoft says it is making a “multiyear, multibillion dollar investment” in the artificial intelligence startup OpenAI, maker of ChatGPT and other tools that can write readable text and generate new images. The tech giant on Monday described its new agreement as the third stage of a growing partnership with San Francisco-based OpenAI that began with a $1 billion investment in 2019. It didn't disclose the dollar amount for its latest investment. The partnership positions Microsoft to sharpen its competition with Google in commercializing new AI breakthroughs that could...

Microsoft’s Nadella Takes Fresh Aim at Google With OpenAI Talks

[ad_1] Microsoft Corp.’s Satya Nadella is weighing the company’s biggest-ever startup investment, seeking to give the software giant an advantage against Google in the race to weave advanced artificial intelligence tools into fields like search and apps. Microsoft Corp.'s Satya Nadella is weighing the company's biggest-ever startup investment, seeking to give the software giant an advantage against Google in the race to weave advanced artificial intelligence tools into fields like search and apps. The company is in discussions to invest as much as $10 billion in OpenAI, the creator of viral AI bot ChatGPT, according to people familiar with its plans. The proposal under consideration calls for Microsoft to inject the cash over several years, though final terms may change, the people...