Microsoft's $13 billion bet on OpenAI carries huge potential along with plenty of uncertainty
Publishing timestamp: 2023-04-08 13:00:01
Summary
Microsoft's partnership with OpenAI could bring in billions in new revenue through Azure as workloads increase. OpenAI's valuation has soared to $29 billion, with Microsoft integrating its technology into various products. The investment is complicated due to OpenAI's "capped-profit" model, but the potential for revenue growth for Microsoft is significant. Despite concerns about the structure and implications of the partnership, the future of AI and large language models remains uncertain.
Sentiment: MIXED
Keywords: elon musk, breaking news: technology, satya nadella, wells fargo & co, microsoft corp, enterprise, technology, business news, allbirds inc, alphabet inc, business,