Try GOLD - Free
AI Development thrives in Microsoft-Google rivalry
The Business Guardian
|June 22, 2023
Microsoft and Google have recently made big investments in two of the most valuable companies in artificial intelligence (AI). OpenAI, which developed ChatGPT, has received a staggering investment of USD 10 billion (£7.8 billion) from Microsoft, while Google has invested USD 300 million in Anthropic
-
The companies’ financial support for AI has pushed an ongoing rivalry into the public spotlight. Google’s struggle for dominance with Microsoft is increasingly at the forefront of discussions about AI’s future success.
Google has made enormous contributions to the field of AI development, including the invention of transformers – a particular form of machine learning, where an algorithm improves at tasks as it is “trained” on data – the advancement of techniques for automating the translation of languages and the acquisition of AI company DeepMind. Although Google has consistently positioned itself at the forefront of AI development, a significant milestone was reached with the introduction of ChatGPT. California-based company OpenAI released ChatGPT in November 2022 and a more advanced version, GPT-4, was unveiled in February 2023. The arrival of ChatGPT sparked widespread discussion about artificial general intelligence (AGI) – where machines surpass human intellect. This was also the focus of warnings by Geoffrey Hinton, an influential figure in AI, who gave several interviews outlining his concerns about the technology after resigning from Google earlier this year.
This story is from the June 22, 2023 edition of The Business Guardian.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Business Guardian
The Business Guardian
India's AI ambitions rooted...
In less than 24 months, India Al Mission has set up a foundation for the development of the Al ecosystem in the country:
1 min
February 15, 2026
The Business Guardian
Cabinet approves Rs 1 lakh...
Funding will be released in stages and will be strictly linked to whether the city meets specific reform goals and project milestones.
1 min
February 15, 2026
The Business Guardian
PINE LABS RESETS VALUATION, POSTS PROFIT TURNAROUND AFTER IPO
Pine Labs is a home grown merchant commerce and payments technology platform focusing on enabling digital transactions and commerce for merchants, brands, enterprises and financial institutions.
3 mins
February 15, 2026
The Business Guardian
WENDY'S TO SHUT MANY U.S. OUTLETS AFTER WEAK Q4
Wendy’s is closing several hundred U.S. restaurants and increasing its focus on value after a weaker-than-expected fourth quarter.
1 mins
February 15, 2026
The Business Guardian
Goyal assures India will get zero...
Both countries decided to address non-tariff barriers affecting bilateral trade.
1 min
February 15, 2026
The Business Guardian
RS 10,000 CR STARTUP FUND OKAYED BY CABINET
The Union Cabinet has approved a new Rs 10,000 crore fund to help Indian startups find the investment they need to grow.
1 min
February 15, 2026
The Business Guardian
Amazon scraps partnership with surveillance company
Amazon's smart doorbell maker Ring has terminated a partnership with police surveillance tech company Flock Safety.
2 mins
February 15, 2026
The Business Guardian
ANDURIL AIMS FOR $8BN FUNDRAISING
U.S. defense firm Anduril Industries is in talks to raise as much as $8 billion in a new funding round at a valuation of at least $60 billion, Bloomberg News reported on Friday, citing people familiar with the matter.
1 min
February 15, 2026
The Business Guardian
COMMERCE SECRETARY HOLDS KEY BILATERAL MEETINGS
Commerce Secretary Rajesh Agrawal held a series of high-level bilateral meetings with senior trade diplomats at the World Trade Organization (WTO), focusing on preparations for the upcoming 14th WTO Ministerial Conference (MC14) in Yaounde, Cameroon.
1 mins
February 15, 2026
The Business Guardian
Wall Street steadies after its AI-induced sell-off
U.S. stocks steadied on Friday after an encouraging update on inflation helped calm a Wall Street that's been wracked by worries about how artificial-intelligence technology may upend the business world.
2 mins
February 15, 2026
Translate
Change font size
