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Home Technology

Microsoft’s $13 billion artificial intelligence bet

INBV News by INBV News
August 11, 2024
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Microsoft’s $13 billion artificial intelligence bet
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OpenAI, the corporate behind the ChatGPT chatbot, was founded in 2015 by various researchers, academics and entrepreneurs, including Sam Altman, Greg Brockman and Elon Musk.

Altman and Brockman are still at OpenAI, serving as CEO and president, respectively. Musk departed in 2018. On the time, OpenAI said Musk left to avoid a conflict of interest together with his other company, Tesla, which was becoming increasingly focused on AI. Within the years since, OpenAI has grown into one among the outstanding leaders in AI development. 

OpenAI gained popularity in late 2022 after releasing ChatGPT, a chatbot that may answer user questions in a way that feels like a human. The corporate also has tools that may generate images and videos from text prompts. OpenAI now reportedly generates annual revenue of $3.4 billion, and has notable customers, including PwC, Moderna and Estée Lauder. Microsoft has invested about $13 billion into the AI startup.

But OpenAI’s wild success has also raised concerns from regulators and experts, who query the outsized power that AI corporations and Big Tech could have on our society in addition to the stress the technology could cause on our power grid. Watch the video to search out out more.

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