- Microsoft Corp (NASDAQ:MSFT) is developing its artificial intelligence chip code-named “Athena” to power the technology behind AI chatbots like ChatGPT.
- The early backer of ChatGPT-owner OpenAI has been working on the chip since 2019, and a small group of Microsoft and OpenAI employees is testing the chip, Reuters cites the Information.
- The chips will serve for training large-language models and supporting inference, both prerequisites for generative AI like the one used in ChatGPT to process massive amounts of data, recognize patterns, and create new outputs to mimic human conversation.
- Microsoft expects the chip to add more value versus other vendors, saving it time and money on its costly AI efforts. Other big tech companies, including Amazon.Com Inc (NASDAQ:AMZN) and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, also make their in-house chips for AI.
- In 2023, Microsoft launched its AI-powered search engine, Bing AI, capitalizing on its partnership with OpenAI, intensifying rivalry with Google.
- Price Action: MSFT shares closed lower by 0.15% at $288.37 on Tuesday.
Simulations Plus Posts Upbeat, Joins Levi Strauss, BlackBerry And Other Big Stocks Moving Higher In Thursday’s Pre-Market Session
U.S. stock futures were higher this morning, with the Dow futures gaining by around 90 points on Thursday.
