A new chatbot called ChatGPT is impressing the world with its conversational talents.
In 2019, Microsoft invested $1 billion in OpenAI, the tiny San Francisco company that designed ChatGPT. And in the years since, it has quietly invested another $2 billion.
Microsoft is now poised to challenge Big Tech competitors like Google, Amazon and Apple with a technological advantage the company has not possessed for more than two decades. Microsoft is in talks to invest another $10 billion in OpenAI as it seeks to push its technology even further, according to a person familiar with the matter.
The potential $10 billion deal — which would mainly provide OpenAI with even larger amounts of computing power — has not been finalised and the funding amount could change. But the talks are indicative of the tech giant’s determination to be on the leading edge of what has become the hottest technology in the tech industry.
Google, Meta and other companies have spent years building models similar to ChatGPT. The A.I. systems develop their skills by analysing enormous amounts of digital text, including books, Wikipedia articles, computer programs and chat logs.
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