Microsoft Corporation announced on Monday i.e., 16th January that it is extending access to extremely well-liked software created by OpenAI, a business it is investing in and whose ChatGPT chatbot has captured Silicon Valleys imagination.

The company stated that the startup's technology, which it had previously shown off to its cloud computing users in a program it named the Azure OpenAI Service, was now generally available. This development is anticipated to result in an explosion of new applications.

The information comes at a time when Microsoft has considered increasing the USD 1 billion stake in OpenAI that it revealed in 2019, according to two people with knowledge of the situation. Microsoft declined to comment on the news report that suggested that it may contribute USD 10 billion.

Following the introduction of ChatGPT in November—a text-based chatbot that can compose poetry, prose, or even computer code—public interest in OpenAI skyrocketed. The technology that powers ChatGPT—generative AI, which creates new content after training on enormous quantities of data—is one that Microsoft is allowing additional clients to use.

The tech giant announced that ChatGPT itself, not just the underlying technology, will soon be accessible via the cloud. It mentioned that it was screening customer apps for potential software abuse and that its filters can check for hazardous content that users might enter or that the technology itself might produce.

At a time when funding is otherwise scarce, the commercial potential of such software has attracted significant venture capital investment in firms generating it. Some businesses have already used the technology to illustrate how they could negotiate a cable bill or develop marketing content.

CarMax, KPMG, and other companies use its Azure OpenAI service. An Al Jazeera vice president was reported in the press statement as noting that the tool might aid the news organization in content translation and summarization.

Source credit:

https://www.reuters.com/technology/microsoft-expand-chatgpt-access-openai-investment-rumors-swirl-2023-01-17/