Microsoft in talks to invest more in OpenAI

Microsoft is reportedly in advanced talks with OpenAI to invest more in the seven-year-old research company. Both The Wall Street Journal and The Information, citing unnamed sources, said no deal has been reached and no funding amount settled on, but the two companies have met in recent weeks to discuss the possibilities. According to WSJ, OpenAI uses a huge amount of compute power to run its AI products on Microsoft Azure. Funds from any new investment could be used to help offset those costs. The money would come on top of the $1 billion Microsoft invested in OpenAI in 2019 in a deal that included OpenAI agreeing to jointly develop new supercomputing technologies for Azure based on its AI products and making Azure its exclusive cloud provider.