Microsoft invests billions in artificial intelligence startup OpenAI

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Microsoft invests billions in artificial intelligence startup OpenAI
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The tech giant described its new agreement as the third stage of a growing partnership with San Francisco-based OpenAI that began with a $1 billion investment in 2019.

In this photo illustration, the Microsoft logo seen displayed on a smartphone with stock market exchange in the background.

OpenAI's free writing tool ChatGPT launched on Nov. 30 and has brought public attention to the possibilities of new advances in AI.Microsoft is paying almost $70 billion for Activision Blizzard, the maker of Candy Crush and Call of Duty. Fox Business' Gerri Willis joins LiveNOW from FOX to explain the impact this could make on virtual and augmented reality.

"In this next phase of our partnership," said a statement from Microsoft CEO Satya Nadella, customers who use Microsoft's Azure cloud computing platform will have access to new AI tools to build and run their applications.Sales per employee in August 2019 were found to be 40 percent higher compared to a year prior, while total working days were down 25.4 percent.

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