In the third phase of its long-term partnership with OpenAI, Microsoft has invested $10 billion in the company to accelerate artificial intelligence (AI) breakthroughs.
This comes as a part of its multi-year, multi-billion-dollar investment in the company.
“We formed our partnership with OpenAI around a shared ambition to responsibly advance cutting-edge AI research and democratise AI as a new technology platform,” said Satya Nadella, CEO, Microsoft.
He added, “In this next phase of our partnership with OpenAI, we will deliver the best AI infrastructure, models, and toolchain for customers to safely and responsibly build and run their applications on Azure.”
In a blogpost, Microsoft also pointed out that this agreement comes as an addition to the company’s previous investment in OpenAI in 2019 and 2021.
“It extends our ongoing collaboration across AI supercomputing and research and enables each of us to independently commercialise the resulting advanced AI technologies,” the blogpost mentioned.
Sam Altman, CEO, OpenAI also stated that the past three years of Microsoft-OpenAI partnership have been great.
“Microsoft shares our values and we are excited to continue our independent research and work toward creating advanced AI that benefits everyone,” he said.
It is also to be noted that Microsoft has been committed to building Azure into an AI supercomputer for the world which serves as the foundation of the company’s vision to democratise AI as a platform, since 2016.
It should also be noted that this comes a week after Microsoft announced that it would be laying off as many as10,000 employees globally - owing to the weakening economy of software demand.