Microsoft drops $10 billion on Open AI
MICROSOFT SEEMS to have retreated from the metaverse and is tightening its belt across the company, but one technology it is still backing is AI, having just invested $10 billion into OpenAI. This AI research laboratory is responsible for the amazing DALL-E, the image generator, and ChatGPT, a sophisticated chatbot that can do a lot more than just chat. These two projects captured the public’s imagination and helped push OpenAI’s valuation to $29bn. Microsoft has been working closely with OpenAI for a while and has already made two previous investments in the company.