Microsoft Going To Invest 10 Billion Dollars In CharGPT Developer OpenAI In Upcoming Years

Microsoft: Microsoft Corp has announced on Monday that it is going to invest billions of dollars in OpenAI in the coming years. OpenEye serves as the developer of the AI-powered ChatGPT. Tech giant Microsoft plans to invest up to $ 10,000 billion in OpenEye in the coming years. A person having knowledge of the matter has told this. Let us tell you that in 2019, Microsoft has already invested $ 1 billion in OpenAI.

Microsoft is laying off 10,000 people

This news has come at a time when the company has fired 10,000 employees last week. Microsoft has cited weak economic signals, recession and falling software demand as the reason behind this. Microsoft had also talked about continuing to invest in key areas in the coming times and this investment plan of up to $ 10 billion in OpenEye could be a part of that.

What did Microsoft Chairman and CEO Satya Nadella say?

Microsoft Chairman and CEO Satya Nadella said, “We have formed our partnership with OpenAI to work on a shared ambition to responsibly advance AI research and democratize AI as a new technology platform.” Microsoft said it would lay off 10,000 employees in the coming weeks and reallocate investments to new priorities such as AI.

What OpenAI said

OpenAI said in a statement that Microsoft’s investment will help us advance our independent research and develop AI that can rapidly emerge as safe, useful and powerful and benefit people.

Layoffs on one side, Microsoft investing in artificial intelligence on the other

On one hand, Microsoft has started the process of ousting more than 10,000 employees from the company and on the other hand it is investing so heavily in the developing company of Artificial Intelligence. There is a need to understand what the investment of $ 10 billion in an Artificial Intelligence (AI) company and the removal of human workforce from the job is indicating.

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