'Microsoft shares our values': chat bot company OpenAI to receive billions from Microsoft

 Microsoft has announced a multibillion-dollar investment into OpenAI, the company behind the popular ChatGPT application that allows users to ask the artificial intelligence complex questions or have it write content based on keywords and ideas.

"We are announcing the third phase of our long-term partnership with OpenAI through a multiyear, multibillion dollar investment to accelerate AI breakthroughs to ensure these benefits are broadly shared with the world," said the company in a blog post.

Microsoft made previous investments in the company in 2019 and 2021 and intends to add ChatGPT to its cloud devices as part of the exclusive deal, according to CNN.

The main pillars of advancing artificial intelligence technology listed by Microsoft include adding functions across applications and using OpenAI's existing technology to be used to build future apps.

The company intends to continue "supercomputing at scale," which it says "will increase [its] investments in the development and deployment of specialized supercomputing systems to accelerate OpenAI’s groundbreaking independent AI research."

Much of the OpenAI integration will be with Microsoft Azure, which provides open-source framework and programming for both Microsoft and third parties. The inclusion of the new technology would allow the company and others to use it to create new apps using the artificial intelligence.

Microsoft often refers to Azure as a way to "democratize" artificial intelligence.

“In this next phase of our partnership, developers and organizations across industries will have access to the best AI infrastructure, models, and toolchain with Azure to build and run their applications," said Satya Nadella, chairman and CEO of Microsoft.

“The past three years of our partnership have been great,” said Sam Altman, CEO of OpenAI.

“Microsoft shares our values, and we are excited to continue our independent research and work toward creating advanced AI that benefits everyone," Altman added.

Just days prior to the announcing the investment , Microsoft said it was cutting 10,000 jobs due to inflation costs.