On Monday, Microsoft plans to expand a software from OpenAI, ChatGPT, a futuristic chatbot that managed to captivate Silicon Valley.
Its stock price increased by 0.30% to $239.23 a share on Friday. It is anticipated to open higher on January 17 by 0.01% to $239.25 apiece. Monday’s trading was closed in the US due to Martin Luther King, Jr. holiday.
In 2019, the company announced that it has looked into adding to the $1.00 billion stake in OpenAI.
According to Microsoft, it will soon add the artificial intelligence company’s ChatGPT to the cloud-based Azure service. Also, analysts have stated that the tech firm plans to invest $10.00 billion in the AI business.
However, other experts reported that Microsoft could have a potential investment that could value OpenAI around $29.00 billion.
Additionally, public interest in OpenAI surged after ChatGPT’s release in November.
Microsoft will allow customers to use the chatbot’s technology features, such as drafting prose, poetry, and computer code.
Further, the firm would assess customers’ applications to alleviate potential abuse of their software. For example, its filters can screen content that customers input or the tech might make, which may be harmful.
Moreover, the potential of the software for business can earn a vast venture-capital investment in startups that initiate it.
Some companies have already utilized the new Microsoft technology to produce marketing content.
Meta and Microsoft Caused Low Rental Demands
Meta and Microsoft are pulling out of their office buildings in Seattle and Bellevue in Washington State.
Office rentals have dropped caused by the vacating of the buildings and significant layoffs.
Besides, analysts have reported that Meta has been reviewing rentals for office buildings in the Seattle area.
Also, Microsoft confirmed that it would not renew its lease for Bellevue’s 26-story City Center Plaza. It is said that the lease for the building will end on June 2024.
Additionally, the continuous work-from-home setup and layoffs have decreased demand for office rentals in Seattle and other tech cities.
Likewise, Twitter CEO Elon Musk said last week that office rentals in San Francisco would drop even further.
