They also announced a partnership with Meta to provide the workplace of the future. Microsoft launched Microsoft Designer, a graphic design app that uses AI-based technology to create art and social media images from scratch.
How important is this AI investment for Microsoft? Since that time, Microsoft silently invested another $2 billion into the company, according to industry sources. There was an original investment of $1 billion into the San Francisco-based startup back in 2019. It’s worth mentioning that Microsoft has already invested in OpenAI at earlier stages. This next round of funding was initially rumored to include Microsoft and other investors, bringing the total valuation of the AI startup all the way to $29 billion. Microsoft Azure will continue to be the exclusive cloud provider for OpenAI, and it will power the workloads of research, products and API services. What does this partnership mean for ChatGPT? The program uses OpenAI’s GPT-3.5 language mode, an upgraded model version released in 2020. This revolutionary tool reported one million users at the beginning of December after being out for about a week. Just as a quick reminder, ChatGPT is the chatbot released late last year by OpenAI, a company that Elon Musk and Sam Altman originally founded.
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