From Bloomberg: 2024-04-02 00:00:00

In November 2022, ChatGPT entered the market, igniting a competition for foundation models in artificial intelligence. These systems, creating text and images, require vast computing power and resources. In a surprising move, Microsoft acquired Inflection in March, absorbing 70 employees and paying $650 million in licensing fees after raising $1.5 billion.



Read more at Bloomberg: Open-Source AI Is Alternative to Microsoft Deals With OpenAI, Inflection