Microsoft Corp on Monday announced a further multibillion dollar investment in OpenAI, deepening ties with the startup behind the chatbot sensation ChatGPT and setting the stage for more competition with rival Alphabet Inc's Google, reports Reuters.
Recently touting a revolution in artificial intelligence (AI), Microsoft is building on a bet it made on OpenAI nearly four years ago, when it dedicated $1 billion for the startup co-founded by Elon Musk and investor Sam Altman.
It has since built a supercomputer to power OpenAI's technology, among other forms of support.
Microsoft in a blog post has now announced "the third phase" of its partnership "through a multiyear, multibillion dollar investment" including additional supercomputer development and cloud-computing support for OpenAI.
Both companies will be able to commercialize the AI tech that results, the blog post said.
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