OpenAI was created in 2015 by a group of scientists and entrepreneurs, which included ex-Y Combinator head Sam Altman, Tesla CEO Elon Musk, and renowned researcher Ilya Sutskever.
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In pursuing its aim to ensure that advancing AI benefits all of humanity, OpenAI also stated that the investment by Microsoft will not alter its status as a capped-profit company. The company is also managed by the OpenAI non-profit. This structure enables the company to gather the funds required to complete its objective without compromising its core values regarding prioritising safety and the need for broadly sharing benefits. This partnership with Microsoft, which shares both company’s values and vision, is essential to ChapGBT’s growth.
The partnership, which reportedly values OpenAI at $29 billion, will allow Microsoft to “independently commercialise the firm’s products. This will be accomplished through the Microsoft Azure OpenAI Service, which enables developers to construct projects utilising OpenAI‘s models. The company will also invest in the rapid development and deployment of OpenAI’s supercomputing systems while serving as the company’s sole cloud provider.
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According to Microsoft, the latest investment follows prior investments in 2019 and 2021, expanding the existing partnership across AI supercomputing and research, allowing each of the two firms to market the ensuing advanced AI technology separately. “We developed our relationship with OpenAI to advance cutting-edge AI research responsibly and democratise AI as a new technological platform. “With Azure, developers and businesses across industries will have access to the greatest AI infrastructure, models, and toolchain to build and execute their applications in this next phase of our partnership,” said Microsoft Chairman and CEO Satya Nadella.