Microsoft has put something like 13 billion into the company in total. A lot of that money, I'd say probably most of that money goes right back to Microsoft because OpenAI has a deal with Microsoft where Microsoft is their cloud provider. As these large language models, these chat GPT-like services take off, they have the potential to make money, not just from OpenAI, but from potentially from everybody.
Microsoft is a household name when it comes to Word docs, Excel spreadsheets and PowerPoint presentations, but it’s not the first name many people think of when it comes to cool new tech. At least until recently. The company’s big investment in OpenAI, the creator of ChatGPT, has now launched it to the forefront of tech innovation.
Bloomberg Businessweek writer Max Chafkin joins this episode to tell the story of how the company that once brought us Clippy the interactive paperclip became a power player in the new frontier of artificial intelligence.
Read more: Microsoft’s Sudden AI Dominance Is Scrambling Silicon Valley’s Power Structure
Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK
Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.
See omnystudio.com/listener for privacy information.