Microsoft acquires OpenAI for $13 billion to boost AI technology and market position

From Google: 2024-08-10 09:00:01

Microsoft announced a $13 billion deal to acquire OpenAI, an artificial intelligence startup co-founded by Elon Musk. OpenAI was previously founded in 2015 as a nonprofit organization. Microsoft plans to use OpenAI’s AI technology to further their own artificial intelligence ambitions and grow in the AI market.

OpenAI’s technology includes language models like GPT-3, which is a powerful tool that can generate human-like text. Microsoft hopes this acquisition will help them improve their own AI products and services, as well as strengthen their position in the competitive AI market. OpenAI has made significant advancements in the field of artificial intelligence.

Microsoft and OpenAI will work together to enable safe and ethical AI technologies for the future. The deal is expected to close in early 2022, pending regulatory approval. OpenAI’s cutting-edge research and technology will join forces with Microsoft’s resources and expertise in the tech industry. This partnership could lead to groundbreaking advancements in AI technology.



Read more at Google: The rise of OpenAI and Microsoft’s $13 billion bet on the AI startup – CNBC