Microsoft finally put a ring on it: Weeks of rumors surrounding Big Tech’s hottest romance were put to rest today, as Microsoft and OpenAI officially announced an extended partnership with Microsoft’s new multi-billion dollar investment into the research lab that launched ChatGPT less than two months ago.
In a blog post, OpenAI said “this multi-year, multi-billion dollar investment from Microsoft follows their previous investments in 2019 and 2021, and will allow us to continue our independent research and develop AI that is increasingly safe, useful, and powerful.”
OpenAI remains a capped-profit company governed by nonprofit
The company added that “in pursuit of our mission to ensure advanced AI benefits all of humanity, OpenAI remains a capped-profit company and is governed by the OpenAI Nonprofit. This structure allows us to raise the capital we need to fulfill our mission without sacrificing our core beliefs about broadly sharing benefits and ...
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