Microsoft shares rose 1.12% to $360.53 today to record a market value of the Windows maker at an impressive $2.68 trillion. This market value has been unprecedented for Microsoft since 2021.
At an event in San Francisco on Monday night, OpenAI, Microsoft’s strategic AI partner, unveiled a new version of its services and said that from now on, anyone can build a custom version of ChatGPT.
Satya NadellaCEO of Microsoft was present at the ceremony and Emphasized Developers who build their applications with OpenAI tools can quickly reach commercialization using Microsoft’s Azure cloud infrastructure.
Analysts believe that if OpenAI attracts software developers to build software using ChatGPT and the company’s other tools, while lowering prices and improving the chatbot’s performance, it could phase Azure in popularity and become a profitable point. Work for Microsoft.
OpenAI announced at its new event that costs for developers will be reduced. GPT-4 Turbo input tokens are three times cheaper than GPT-4 at $0.01 and output tokens are twice as cheap at $0.03, saving companies and developers a lot of money when using AI tools.
GPT-4 Turbo is OpenAI’s new large language model, which is aware of all the events and news of the Internet until April 2023 (April and May 1402) and has increased the limit of three thousand words to 300 pages; That is, in practice, an entire book can be placed in its text input.
Microsoft has invested $13 billion in OpenAI specifically to develop the large language model GPT-4, which can provide fully human-like and more natural responses to user requests. This is the largest amount of investment made in the field of artificial intelligence in the last year.
Last week, Microsoft started selling its Copilot office artificial intelligence assistant to its business subscribers. Microsoft has also unveiled AI-based features in Windows 11, all of which are built on OpenAI AI models.