Microsoft Making Multibillion-Dollar Investment In Company Behind ChatGPT: Report

Microsoft, an early investor in OpenAI, said it plans to expand its existing partnership with the company as part of a greater effort to add more artificial intelligence to its suite of products.

Microsoft has confirmed it is making a "multibillion dollar" investment in OpenAI, the company behind the viral new AI chatbot tool called ChatGPT, CNN has reported.

Microsoft, an early investor in OpenAI, said it plans to expand its existing partnership with the company as part of a greater effort to add more artificial intelligence to its suite of products, according to CNN report. In a separate blog post, OpenAI said the multi-year investment will be used to "develop AI that is increasingly safe, useful, and powerful."

"We formed our partnership with OpenAI around a shared ambition to responsibly advance cutting-edge AI research and democratise AI as a new technology platform," Satya Nadella, Microsoft's CEO, said in a statement.

The deepening partnership between the two companies has the potential to supercharge OpenAI's ambitious projects, including ChatGPT, which has captured the attention of - and sometimes sparked concerns from - academics, business leaders and tech enthusiasts with its ability to create provide lengthy and thorough responses to user prompts and questions, according to CNN report.