MICROSOFT announced on Monday that it was making a 'multiyear, multibillion-dollar investment' in artificial intelligence (AI) startup OpenAI, maker of free writing tool ChatGPT.
The tech giant described its new agreement as the third stage of a growing partnership with San Francisco-based OpenAI that began with a $1-billion investment in 2019. It didn't disclose the amount for its latest investment.
FILE - This July 3, 2014, file photo, shows the Microsoft Corp. logo outside the Microsoft Visitor Center in Redmond, Wash. Microsoft is cutting 10,000 workers, almost 5% of its workforce, in response to "macroeconomic conditions and changing customer priorities.The company said in a regulatory filing Wednesday, Jan. 18, 2023 that had just notified employees of the layoffs, some of which begin immediately.The company said it will also be making changes to its hardware portfolio and consolidating its leased office locations -- all of which are designed to save about $1.2 billion. (AP Photo Ted S. Warren, File)
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