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Microsoft’s $13 billion investment in artificial intelligence

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OpenAI, the firm behind the ChatGPT virtual assistant, was established in 2015 by a group of scientists, scholars, and business people, including Sam Altman, Greg Brockman, and Elon Musk.

Altman and Brockman remain key figures at OpenAI, holding the positions of CEO and president, respectively. Musk departed in 2018 due to a perceived conflict of interest with his other enterprise, Tesla, which was increasingly focusing on AI. Over time, OpenAI has evolved into a leading force in AI advancement.

OpenAI gained widespread attention in late 2022 with the launch of ChatGPT, an AI chatbot capable of providing human-like responses to user queries. The company also possesses tools that can create images and videos based on text instructions. OpenAI is now said to generate an annual revenue of $3.4 billion, boasting prominent clients like PwC, Moderna, and Estée Lauder. Microsoft’s financial backing of approximately $13 billion into this AI startup stands out as a significant investment.

However, the remarkable success of OpenAI has sparked apprehension among regulators and experts, who are probing the potential influence that AI firms and Big Tech entities might wield over our society, as well as the strain this technology could place on our energy infrastructure. Explore the video to delve deeper into this topic.


https://www.cnbc.com/2024/08/10/rise-of-openai-microsofts-13-billion-artificial-intelligence-bet.html

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