Microsoft will double your commitment. Artificial Intelligence (AI) to oppose Google. American multinational tech company founded by Bill Gates negotiates to invest 10,000 million dollars (approximately €9,311 million) at OpenAI, the company behind ChatGPT, a system that can interact and respond to user requests that have shaken the tech industry in the last two months.
Experts, ChatGPT not developed enough yet and causes mass errorsMicrosoft wants to get ahead of its competitors in the artificial intelligence market and raise its flag. Therefore, the computing giant is also working on integrating this chatbot into a new version of its web browser, Bing. With that, its browser will try to compete with Google, which accounts for 92.58% of global Internet searches, according to December data from web traffic analytics firm StatCounter. By contrast, Bing only accounts for 3.03% of searches.
It’s unknown if the deal between Microsoft and OpenAI has been closed, as American media ‘Semaphore’ swept through on Tuesday, although the documents they accessed indicate it’s scheduled for the end of 2022. would receive 75% of OpenAI’s profits until it recovers its million-dollar investment. Once this threshold was reached, Microsoft would have a 49% stake in the company; 49% would go to other investors, and OpenAI’s nonprofit parent company would own the remaining 2%.
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Microsoft wants to be the smartest in its class and Strengthening its position in the emerging AI market before they get ahead of you. That’s why he’s been investing in OpenAI, an artificial intelligence research lab founded by entrepreneur Sam Altman and boss Elon Musk, since 2019. So Microsoft’s investment was $1,000 million. Musk left the board in 2008, although he continued to fund the project.
OpenAI was born as a nonprofit in 2015, but that has changed. And it expects to reach 1,000 million in revenue by 2024. OpenAI has been one of the main architects of the emergence of the productive AI industry as intelligent systems. Simulate people’s ability to reason and create and creating complex texts and images according to user requests.
In 2019, the company gained notoriety with the release of GPT-2, an advanced language model that allows the machine to interpret your requests and create text that emulates any style. In 2020 they presented GPT-3, an improved version. This allowed the birth of ChatGPT as well as the DALL-E image generator or Whisper language recognition and translation system.
OpenAI opted for commercial distribution of these systems, allowing millions of users worldwide to try them out. Allowing the public to engage with their innovations has been key to the popularization of artificial intelligence, one of the few technological branches. investment does not stop rising fastescaping a hangover that has hit the entire industry directly. This strategy is different from what Google, another pioneer of artificial intelligence research, has done so far, more cautiously and has not commercialized its advances.
The operation will trigger OpenAI’s valuation from the current $20,000 million to 29,000 million (€27,000 million). This makes it one of the most valuable start-ups (emerging companies) in the United States, although it still generates very little revenue. They expect to hit nearly 200 million by 2023.