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- Microsoft’s $10 billion investment in OpenAI is being hailed as a game-changing move that has the potential to revolutionize the field of artificial intelligence and position Microsoft as a leader in the AI industry.
- This significant investment will support OpenAI’s ongoing research and development of cutting-edge AI technologies and also be used to create new products and services that will benefit both Microsoft and the broader AI community.
- Microsoft’s integration of GPT-3, will be able to provide customers with cutting-edge technology, more natural and intuitive experiences, and also contribute to the advancement of AI as a whole, this investment could also help Bing to take some search market share away from Google.
Microsoft’s recent move to invest an additional $10 billion in OpenAI, following a previous investment of $1 billion in 2019, is being hailed as a game-changing move that has the potential to revolutionize the field of artificial intelligence and position Microsoft as a leader in the AI industry.
This significant investment will support OpenAI’s ongoing research and development of cutting-edge AI technologies and also be used to create new products and services that will benefit both Microsoft and the broader AI community.
One of the major areas that Open AI will focus on with this funding is developing advanced AI models that can be used to power a wide range of applications, from natural language processing and computer vision to robotics and autonomous systems.
One of the most exciting aspects of this investment is that it will allow Microsoft to tap into OpenAI’s powerful GPT-3 language model, also known as ChatGPT, which has been making waves in the industry for its ability to understand and generate human-like text with high accuracy, making it suitable for a wide range of applications such as language translation, chatbots, and even content creation.
According to Wedbush analyst Dan Ives, ChatGPT is a potential game changer for MSFT, and he believes that this strategic investment is a smart poker move in this AI arms race that is taking place globally.
Microsoft CEO Satya Nadella is being cautious not to repeat the same mistakes made by Microsoft during the late 1990’s when it was embroiled in an antitrust battle with the US government, which slowed down Microsoft’s investing vision and led to the company missing out on big trends like social media and mobile smartphones. Ives continues to rate Microsoft at “Outperform” with a $290 price target, representing potential upside of 24% from current levels.
With the integration of GPT-3, Microsoft will be able to provide customers with cutting-edge technology, more natural and intuitive experiences, and also contribute to the advancement of AI as a whole. This investment could also help Bing to take some search market share away from Google, according to the note.
Overall, this investment in OpenAI is a bold move that positions Microsoft as a leader in the AI industry, and with the integration of GPT-3, Microsoft will be able to provide customers with cutting-edge technology, more natural and intuitive experiences, and also contribute to the advancement of AI as a whole. This strategic investment is a smart poker move in this AI arms race that is taking place globally.
See Original Post: ChatGPT could be a ‘game changer’ for Microsoft that turns it into a core AI stock as it mulls a $10 billion investment into OpenAI, Wedbush says
