Microsoft invests billions more dollars in OpenAI, extends partnership

News Summary

  • Under the terms of one rumored arrangement detailed by Semafor, Microsoft would receive three-quarters of OpenAI’s profits until it recovers its investment, with additional investors taking 49% and OpenAI retaining the remaining 2% in equity.OpenAI is under pressure to turn a profit on products like ChatGPT.
  • 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.
  • Earlier this month, Q&A coding site Stack Overflow temporarily banned users from sharing content generated by ChatGPT, saying the AI made it too easy for users to generate responses and flood the site with dubious answers.
  • “Microsoft shares our values and we are excited to continue our independent research and work toward creating advanced AI that benefits everyone.”OpenAI — and Microsoft, by extension — face steep legal challenges that threaten to impeded the growth of their AI explorations.
  • 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.
  • And Microsoft has incorporated OpenAI innovations including GPT-3 and DALL-E 2 into apps and services like Power Apps, Microsoft Edge and the forthcoming Designer.The efforts build on Microsoft and OpenAI’s years of close collaboration.
Microsoft today announced that its extending its partnership with OpenAI, the startup behind art and textgenerating AI systems like ChatGPT, DALLE 2 and GPT3, with a multiyear, multibilliond [+1686 chars]