Microsoft May Increase Its OpenAI Investment

Microsoft is reportedly considering another round of investment in OpenAI, beyond its initial $1 billion....
Microsoft May Increase Its OpenAI Investment
Written by Matt Milano

Microsoft is reportedly considering another round of investment in OpenAI, beyond its initial $1 billion.

OpenAI is the artificial intelligence company co-founded by Elon Musk in an effort to drive responsible AI research and development. Microsoft initially invested $1 billion in the company in 2019 and has an exclusive license to OpenAI’s GPT-3 model.

According to The Wall Street Journal, Microsoft “is in advanced talks for a new round of funding in OpenAI.” No concrete details were provided, including the size of the investment, although the Journal’s sources say the amount could vary as negotiations proceed.

A cash infusion from Microsoft would help fund OpenAI’s continued research, and could provide Microsoft with more exclusive access to OpenAI innovations.

Get the WebProNews newsletter delivered to your inbox

Get the free daily newsletter read by decision makers

Subscribe
Advertise with Us

Ready to get started?

Get our media kit

Advertise with Us