Highlights

  • Microsoft said it had extended its partnership with OpenAI
  • ChatGPT sparked widespread fears of cheating in schools and universities

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Microsoft invests billions in ChatGPT firm OpenAI

Media reports have put Microsoft's fresh investment in OpenAI at $10 billion, which would value the company at roughly $29 billion

Microsoft on Monday said it had extended its partnership with OpenAI, the research lab and creator of ChatGPT, an artificial intelligence chatbot that has sparked widespread fears of cheating in schools and universities.

In a company blog post tweeted by CEO Satya Nadella, the tech giant announced a "multiyear, multibillion dollar investment to accelerate AI breakthroughs" that would be "broadly shared with the world."

OpenAI's ChatGPT became an internet sensation when it was released without warning in November, allowing users to experiment with its ability to write essays, articles and poems as well as computer code in just seconds.

Media reports have put Microsoft's fresh investment in OpenAI at $10 billion, which would value the company at roughly $29 billion.

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