While Mark Zuckerberg and Facebook invest money into Web3 and the “metaverse,” artificial intelligence appears to be the true next frontier of technology — and Microsoft is taking action to stay ahead of the competition. The Seattle-based big tech leader is making a multibillion-dollar investment in OpenAI, the research lab behind the popular AI-powered bot ChatGPT, planning to soon incorporate the product into its cloud-based Azure service.
The initiative was announced on Twitter by Microsoft CEO Satya Nadella, who did not reveal the specific dollar amount — however, the company took an initial $1 billion stake in the company in 2019.
Microsoft’s investment in OpenAI has made it the exclusive cloud computing services provider for the lab and its developments. With the addition of ChatGPT to Azure OpenAI Service, Nadella is widening access to the popular bot, which has won over users and executives with its AI-generated poetry, prose, code, and other content. While the metaverse concept hopes to monetize virtual worlds, companies may find greater financial value in bot-written content that can replace human writers.
OpenAI is considered one of the top AI labs in the country, garnering popularity online with its prompt-based AI image generator, DALL-E, and text creator, GPT-3.