Economics/Class Relations

Microsoft weighs betting on ChatGPT

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Fortune, January 14, 2023

A NOTE FROM OUR EDITOR-IN-CHIEF ALYSON SHONTELL

 
The biggest news this week is that Microsoft is weighing a $10 billion investment into artificial intelligence startup OpenAI, and it’s likely the software company would use the technology to supercharge its search products—and challenge Google’s dominance.

 

These past few weeks, one of OpenAI’s flagship products, ChatGPT, has grabbed our attention with its incredible ability to produce computer code, poetry, blog posts, and even a Fortune newsletter about whether generative A.I. will replace humans.

 

But ChatGPT has also led others to speculate that students may begin cheating on essays, lead to copyright infringement, and assist criminals conducting more sophisticated cyberattacks.

 

Microsoft has already invested $3 billion into OpenAI since 2019—more than $2 billion than was publicly announced, according to documents seen by Fortune’s Jessica Mathews. And the company already uses OpenAI’s language models and its image generative A.I., DALL-E 2, in several of its products. This additional $10 billion investment shows “how important [Microsoft] believes the technology behind ChatGPT and DALL-E 2 is to its future,” Mathews and Jeremy Kahn write.

 

You can read more about Microsoft and OpenAI’s future below and can read the terms of the deal here.
Microsoft is weighing $10 billion investment in OpenAI, sources say

 

Since 2019, Microsoft invested $3 billion in the startup and may use its artificial intelligence technology to take on rival search giant Google.
BY JESSICA MATHEWS & JEREMY KAHN

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