How Microsoft's $10 billion investment into OpenAI is a big bet on the future of AI

The Draft by Techloy brings you data-driven news and insights into technology across the world's largest emerging markets from trusted sources.

If you're not already a paid subscriber, join today to gain full access to data-led startup news and VC deals, incisive charts, and deeper insights.

Our lead story for The Draft this week takes a look at how Microsoft is betting big on the future of AI and positioning itself for success with its latest move to invest $10 billion in OpenAI. Once the deal goes through the San Francisco-based company, known for developing ChatGPT, will be valued at a whopping $30 billion.

It's no surprise that Microsoft is taking a keen interest in OpenAI, considering the company has already invested $1 billion in OpenAI in 2019 and is reportedly working on launching a version of its search engine Bing using the AI technology behind ChatGPT.

It's an exciting time for AI, and this move by Microsoft is a clear indication that the company believes that AI is the future. With OpenAI's image creation tool Dall-E and ChatGPT leading the way, the possibilities of what AI can do are endless.

But the real question is, what's next? Will we see more major players in the tech industry follow in Microsoft's footsteps and invest in AI? Only time will tell, but one thing's for sure, the future looks bright for AI and the companies investing in it.

– Yeboah, Data Journalist at Techloy