Microsoft and OpenAI announced an extension of their partnership, with Microsoft making a "multi-year, multi-billion dollar" additional investment following its 2019 and 2021 rounds. Azure would remain the exclusive cloud provider for all OpenAI workloads. Neither company disclosed the amount, but multiple major outlets including Bloomberg and CNBC reported it at about $10 billion, and the deal was seen as emblematic of the race to invest in generative AI.
23January 2023
Microsoft announces major new investment in OpenAI (reportedly about $10 billion)
The extended partnership and the "multi-year, multi-billion dollar" investment are confirmed by both companies' official announcements, but the specific figure of about $10 billion was never officially disclosed and rests on reporting by Bloomberg, CNBC, and other major outlets.