After the ChatGPT chatbot beta created a buzz in the market following its launch, Microsoft has announced plans to make huge investment in the artificial intelligence field.
"Today, we are announcing the third phase of our long-term partnership with OpenAI through a multiyear, multibillion dollar investment to accelerate AI breakthroughs to ensure these benefits are broadly shared with the world," Microsoft said in a blog post.
The investment extends Microsoft's ongoing collaboration across AI supercomputing and research and will enable it independently commercialize the resulting advanced AI technologies, the post said.
"We formed our partnership with OpenAI around a shared ambition to responsibly advance cutting-edge AI research and democratize AI as a new technology platform ... In this next phase of our partnership, developers and organizations across industries will have access to the best AI infrastructure, models, and toolchain with Azure to build and run their applications," Satya Nadella, Chairman and CEO of Microsoft, said.
With its successful collaboration with OpenAi, Micrsoft is challenging the dominance of Google. The other day, Google parent Alphabet said it was boosting its AI research, after feeling the heat from the impressive response ChatGPT received.
The chatbot unveiled by OpenAi at the end of December stunned the artificial intelligence followers as it could carry out a multitude of tasks including writing essays, solving mathematical questions, writing software codes and even creating games, all by uncannily mimicking human behavior.
Surge in Nvidia Shares
According to Yahoo Finance, the expected success of ChatGPT has already caused a surge in chipmaker Nvidia's shares. The rapid growth of ChatGPT usage is likely to result in a $3 billion to $11 billion sales for Nvidia over 12 months, according to the Citigroup.
Wider Goals of Microsoft
According to The Information, Microsoft would mull incorporating ChatGPT into its Bing search engine. This is seen as a great way to redeem the ground lost to Google in search. Microsoft could even incorporate the AI bot's features into its hugely popular Word, PowerPoint and Outlook.