Microsoft to Invest $10 Billion in OpenAI, the Creator of ChatGPT - The New York Times

The fruit of more than a decade of research inside companies like OpenAI, Google and Meta, these technologies are poised to remake everything from online search engines like Google Search and Microsoft Bing to photo and graphics editors like Photoshop. The deal follows Microsoft's announcement last week that it had begun laying off employees as part of an effort to cull 10,000 positions. The changes, including severance, ending leases and what it called "changes to our hardware portfolio" would cost $1.2 billion, it said. Satya Nadella, the company's chief executive, said last week that the cuts would let the company refocus on priorities such as artificial intelligence, which he called "the next major wave of computing." Mr. Nadella made clear in his company's announcement on Monday that the next phase of the partnership with OpenAI would focus on bringing tools to the market, saying that "developers and organizations across industries will have access to the best A.I. infrastructure, models and tool chain."