tl;dr
OpenAI, the generative artificial intelligence startup backed by Microsoft (NASDAQ:MSFT), has agreed to pay publishing company Axel Springer to use the media company's content to train its AI models. The content will be used to create answers in ChatGPT, as well as train its AI models, according to ...
OpenAI, the generative artificial intelligence startup backed by Microsoft (NASDAQ:MSFT), has agreed to pay publishing company Axel Springer to use the media company's content to train its AI models. The content will be used to create answers in ChatGPT, as well as train its AI models, according to a statement. When an answer is created, ChatGPT will include links to the original sources of information. The deal between Axel Springer and OpenAI is a multi-year, non-exclusive pact and is expected to generate substantial revenue for Axel Springer. OpenAI Chief Operating Officer Brad Lightcap said the deal will allow people to have new ways to access quality, real-time news content through AI tools. The new format is slated to debut in the next several months. This partnership comes after Microsoft's multi-billion dollar investment into OpenAI in January.
More about Microsoft Corporation
Microsoft Corporation is a leading American multinational technology company, with a focus on computer software, consumer electronics, and personal computers. It is ranked No. 21 in the 2020 Fortune 500 rankings, and is considered one of the Big Five companies in the U.S. information technology industry. The company's total revenue stands at $275.95 billion, and it has a market capitalization of $1.4 trillion. The stock is currently trading at $376.37, with a 52-week low of $218.31 and a 52-week high of $376.37. Microsoft has shown a steady growth trend, with a current P/E ratio of 35.98 and a forward P/E ratio of 29.35. The company has a strong balance sheet, with a debt-to-equity ratio of 0.353 and a current ratio of 2.79, indicating healthy financials. Overall, market sentiment towards Microsoft is bullish, with strong performance and a positive outlook for future growth.
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