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Microsoft unveils 3rd phase of multi-billion-dollar investment with OpenAI

Microsoft unveils 3rd phase of multi-billion-dollar investment with OpenAI

Arab Finance: Microsoft announced the third phase of its long-term partnership with OpenAI under a multi-year multi-billion-dollar investment, according to a press release on January 23rd.

The investment targets accelerating artificial intelligence (AI) breakthroughs to provide broad access to such technology to the world.

The third round of this partnership comes after two previous investments in 2019 and 2021, building on existing collaboration between Microsoft and OpenAI.

“In this next phase of our partnership, developers and organizations across industries will have access to the best AI infrastructure, models, and toolchain with Azure to build and run their applications,” Satya Nadella, Chairman and CEO of Microsoft, said.

“Microsoft shares our values and we are excited to continue our independent research and work toward creating advanced AI that benefits everyone,” CEO of OpenAI Sam Altman said.

 

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