SA国际传媒

confirmed Monday it has agreed to a 鈥渕ultiyear, multibillion-dollar investment鈥� into , the startup behind the artificial intelligence tools and .

The deal has been rumored for weeks. While the exact dollar amount was not confirmed, earlier this month that Microsoft was in talks to invest as much as $10 billion.

The deal follows a $1 billion investment in 2019 from Microsoft into the AI startup. That deal made Microsoft鈥檚 Azure the exclusive provider of cloud computing services to OpenAI.聽

鈥淲e formed our partnership with OpenAI around a shared ambition to responsibly advance cutting-edge AI research and democratize AI as a new technology platform,鈥� , chairman and CEO of Microsoft. 鈥淚n this next phase of our partnership, developers and organizations across industries will have access to the best AI infrastructure, models and toolchain with Azure to build and run their applications.鈥�

Microsoft is in a battle for AI dominance with other tech giants such as and .

Big money for AI

Earlier this month the startup could be valued at $29 billion thanks to a new tender offer.

Venture firms and were reported to be in talks to invest in the offer that would have allowed them to buy shares from existing OpenAI shareholders.

OpenAI had been valued at $14 billion during a tender offer in 2021.

Related reading:

• ChatGPT Creator OpenAI Could Be Valued At $29B In Tender Offer 鈥� Report
• Writing-Focused Startups Draw Big Bucks
• The Promises And Perils Of A Decade Of AI Funding
• Billions Of Dollars Roll Into AI-Enhanced Cybersecurity
• AI Could Transform Medical Imaging 鈥� So Why Don鈥檛 We See It More?
• From Wigs To Fish, Some Very Quirky AI Startups Got Funded In 2022

Illustration: