AIster · The ChatGPT shock · Funding
Microsoft makes a multibillion-dollar bet on OpenAI
The deal tied the maker of ChatGPT to Microsoft's cloud and products
Key facts
- Date
- 23 Jan 2023
- Era
- The ChatGPT shock
- Interest
- Funding
- Threads
- Model wars, Labs & people
- Who
- Microsoft and OpenAI
- Amount
- Undisclosed; Semafor reported talks of up to $10 billion
- Terms
- Azure as OpenAI's exclusive cloud provider; models deployed across Microsoft products
Microsoft announced a multiyear, multibillion-dollar investment in OpenAI, the third phase of a partnership begun in 2019. It did not give a figure; Semafor had reported talks of as much as $10 billion. Azure, Microsoft's cloud computing service, became OpenAI's exclusive cloud provider, and OpenAI's models were to be built into Microsoft's consumer and enterprise products.
Sources
- Microsoft, Microsoft and OpenAI extend partnership, 2023-01-23
- Semafor, Microsoft eyes $10 billion bet on ChatGPT owner, 2023-01-09
- CNBC, Microsoft announces new multibillion-dollar investment in ChatGPT-maker OpenAI, 2023-01-23