Shulou(Shulou.com)11/24 Report--

CTOnews.com Microsoft announced today that it will expand its partnership with OpenAI, the startup behind art and text-generating artificial intelligence systems such as ChatGPT, DALL-E 2 and GPT-3, which will receive Microsoft's "multi-year, multi-billion dollar" investment in an undisclosed amount, with media reports saying it is $10 billion. OpenAI said the infusion of new capital would be used to continue research and "develop increasingly safe, useful and powerful AI."

Microsoft said in a blog post: "Today, we announce the third phase of our long-term partnership with OpenAI, accelerating AI breakthroughs through multi-year, multi-billion dollar investments to ensure that these benefits are widely shared around the world." "

CTOnews.com understands that OpenAI will remain a company with earnings caps as part of the deal. Under this model, backers are limited to a return of 100 times their investment, or possibly less in the future.

Microsoft also said it will increase investment in developing and deploying specialized supercomputing systems to accelerate OpenAI AI research and deploy OpenAI systems in its consumer and enterprise products, while "launching new categories of digital experiences based on OpenAI technology." The tech giant's Azure cloud platform will continue to be OpenAI's exclusive cloud provider, powering all of the startup's workloads across research, products and API services.

Microsoft CEO Satya Nadella said in a statement: "Our partnership with OpenAI revolves around a shared ambition to responsibly advance cutting-edge AI research and democratize AI as a new technology platform. In the next phase of our partnership, developers and organizations across industries will have access to the best AI infrastructure, models and toolchains available through Azure to build and run their applications. "

CTOnews.com has learned that it was previously reported that Microsoft wanted a 49% stake in OpenAI, valuing the company at about $29 billion. Microsoft will receive three-quarters of OpenAI's profits until it recoups its investment, other investors will get a 49 percent stake, and OpenAI will retain the remaining 2 percent.

"Our partnership over the past three years has been excellent,"OpenAI CEO Sam Altman said in a press release,"Microsoft shares our values and we are excited to continue our independent research and work to create advanced AI that benefits everyone." "

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