Microsoft and OpenAI officially announce extended partnership, multi-billion investment

Original Source Here

Check out all the on-demand sessions from the Intelligent Security Summit here.

Microsoft finally put a ring on it: Weeks of rumors surrounding Big Tech’s hottest romance were put to rest today, as Microsoft and OpenAI officially announced an extended partnership with Microsoft’s new multi-billion investment into the research lab that launched ChatGPT less than two months ago.

In a blog post, OpenAI said “this multi-year, multi-billion dollar investment from Microsoft follows their previous investments in 2019 and 2021, and will allow us to continue our independent research and develop AI that is increasingly safe, useful, and powerful.”

OpenAI remains a capped-profit company governed by non-profit

The company added that “in pursuit of our mission to ensure advanced AI benefits all of humanity, OpenAI remains a capped-profit company and is governed by the OpenAI non-profit. This structure allows us to raise the capital we need to fulfill our mission without sacrificing our core beliefs about broadly sharing benefits and the need to prioritize safety.”

OpenAI also nodded to the importance of Microsoft Azure, which last week made its Azure OpenAI Service generally available:


Intelligent Security Summit On-Demand

Learn the critical role of AI & ML in cybersecurity and industry specific case studies. Watch on-demand sessions today.

Watch Here

“We’ve worked together to build multiple supercomputing systems powered by Azure, which we use to train all of our models. Azure’s unique architecture design has been crucial in delivering best-in-class performance and scale for our AI training and inference workloads. Microsoft will increase their investment in these systems to accelerate our independent research and Azure will remain the exclusive cloud provider for all OpenAI workloads across our research, API and products.”

Microsoft and OpenAI’s “shared ambition”

In a separate Microsoft blog post, chairman and CEO Satya Nadella, who has been hailed for his efforts to invest early in OpenAI, noted that the partnership was formed around a “shared ambition” to “responsibly advance cutting-edge AI research and democratize AI as a new technology platform.”

In the next phase of the partnership, he said, “developers and organizations across industries will have access to the best AI infrastructure, models, and toolchain with Azure to build and run their applications.”

VentureBeat’s mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Discover our Briefings.


Trending AI/ML Article Identified & Digested via Granola by Ramsey Elbasheer; a Machine-Driven RSS Bot

%d bloggers like this: