On Monday, Microsoft (NASDAQ: MSFT) announced a multi-year, multi-billion dollar investment in ChatGPT maker, OpenAI. While Microsoft refused to divulge the specific amount of this investment, Semafor reports have suggested a $10 billion investment.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
This will be MSFT’s third phase of partnership with OpenAI after its earlier investments in 2019 and 2021. The technology giant has already talked about integrating OpenAI’s image-generation software that extensively uses AI, DALL-E 2, into Bing.
OpenAI is also working with MSFT’s cloud service, Azure. Microsoft stated in its press release, “It [This partnership] extends our ongoing collaboration across AI supercomputing and research and enables each of us to independently commercialize the resulting advanced AI technologies.”
Analysts are bullish about MSFT stock with a Strong Buy consensus rating based on 26 Buys and two Holds.
Join our Webinar to learn how TipRanks promotes Wall Street transparency
