 Source: FourWeekMBA Microsoft confirmed that it's making another multibillion-dollar investment in ChatGPT and DALl-E creator OpenAI. While the software giant didn't disclose the exact amount, a source told The New York Times that it's $10B. More: - Earlier this month, Semafor reported that Microsoft was weighing a $10B investment in OpenAI that would value the AI research lab at $29B.
- Through the deal, confirmed as of today, Microsoft will add to its $3B in total investments made in OpenAI in 2019 and 2021. The two firms have renewed their partnership, which will see them collaborate further on AI technologies and products.
- Since 2019, Microsoft has been the exclusive cloud partner for OpenAI, and its Azure-powered supercomputing system has been used to train all of OpenAI's machine-learning and AI models.
- Microsoft said it plans to invest further in supercomputing systems and fuel new AI experiences and products. It said Azure will remain OpenAI's cloud provider for its workloads across its API, research, and products.
Zoom Out: - Microsoft recently announced the broad availability of its Azure OpenAI Service, where cloud customers can access OpenAI tools such as GPT-3.5, Codex, DALL-E 2, and soon, ChatGPT.
- Microsoft Chief Executive Satya Nadella said the company plans to incorporate AI capabilities into "every product."
- The tech giant is working to bring ChatGPT's text generation abilities to Word, Outlook, PowerPoint, and other apps.
- Meanwhile, San Francisco-based OpenAI is now in talks to sell some existing company shares as part of a tender offer that would value the private company at $29M. The NYT reports that the offer could total up to $300M.
THE NEW YORK TIMES 
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Consulting firm McKinsey & Company said it has acquired AI/ML startup Iguazio. While financial details weren't disclosed, Ctech said McKinsey paid an estimated $50M for Iguazio, which was previously valued at $100M. More: - Israel-based Iguazio provides an MLOps platform to enterprises to develop, deploy, and maintain AI and machine learning models and applications.
- Through the acquisition, McKinsey plans to add to its AI arm known as QuantumBlack.
- The additions will boost the data analytics group with new "industry-specific" AI solutions, according to the consultancy.
- It's McKinsey's first tech product acquisition since it bought QuantumBlack in 2015. The AI arm will also absorb Iguazio's roughly 70 data scientists and AI experts.
Related: - In December, McKinsey released its latest Global Survey on AI results, which found that half of business respondents said their organization had adopted AI in at least one area, up from 20% in 2017 (though down from 58% in 2019).
- Additionally, the average number of AI tools, such as language generation, that respondents reported using rose to 3.8 in 2022, up from 1.9 in 2018.
CTECH BY CALCALIST
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In a Daily Wire poll, 17% of student respondents at Stanford University said they used OpenAI's ChatGPT to aid them in their exams and assignments during the previous fall quarter. Most of the students said they used the AI tool to create outlines or brainstorm rather than write their coursework altogether. More: - Only 5% of the respondents admitted that they took ChatGPT's outputs directly for use in an assignment with little or no editing involved.
- Another poll, also led by The Daily Wire, found that a majority of students think using ChatGPT for assistance in college should be considered a breach of the university's Honor Code.
- Stanford's Board of Judicial Affairs is now reviewing ChatGPT and other AI tools and is in talks about how they affect the Honor Code guidelines.
- Students are expected to do their coursework without using "unpermitted aid," which most of the time includes ChatGPT and other AI systems, a university spokesperson said.
THE STANFORD DAILY
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A professor at the University of Pennsylvania's Wharton School says OpenAI's ChatGPT demonstrated the ability to pass one of his exams. The AI chatbot outperformed some university students in a course covering the MBA subject of operations management, according to professor Christian Terwiesch. More: - On the exam, ChatGPT would have passed with a B- to B grade, Terwiesch said.
- Given the implications, he said schools will need to consider updating how they design curricula and their exam policies.
- Similarly, Professor Jerry Davis at the University of Michigan's Ross Business School told FT that ChatGPT is challenging the entire education sector, and it will only grow more difficult over time.
- "Time for a top-to-bottom rethink," he said.
- Similarly, Anthropic's Clause AI-powered chatbot successfully passed a law and economics exam at George Mason University.
THE FINANCIAL TIMES
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AI Events and Conferences: - World Artificial Intelligence Cannes Festival: Feb. 9-11, Cannes, France, and online.
- Data Science Salon: AI & Machine Learning in the Enterprise: Feb. 21-22, Austin, Texas, and virtual.
- Reinforce AI Conference: March 6-7, Budapest and online.
- ACM/IEEE International Conference on Human-Robot Interaction: March 13-16, Stockholm, Sweden.
- The European Chatbot & Conversational AI Summit: March 15-16, Edinburgh, U.K., and online.
- Memory Con: March 28-29, Mountain View, California.
- Ai4 2023: Aug. 7-9, Las Vegas, Nevada.
- AI Hardware Summit: Sept. 12-14, Santa Clara, California.
- Edge AI Summit: Sept.12-14, Santa Clara, California.
- AI & Big Data Expo Global 2023: Nov. 30-Dec. 1, Olympia, London.
- The AI Summit New York: Dec. 6-7, New York City.
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- U.S. venture capitalists poured a record $1.4B into generative AI in 2022, up 27% from the year prior. There were 78 deals in the space last year, down from 85 in 2021.
- GoodOnes, a startup offering an AI-powered personal photo assistant app, raised $3.5M in seed funding led by TLV Partners, with participation from Liquid2 Ventures and angel investors.
- Yann LeCun, Meta's chief AI scientist, said OpenAI's ChatGPT is "not particularly innovative" in its underlying techniques but is "well put together." In addition to Meta and Google, a handful of startups have developed similar technologies, he said, and "there's no secret behind it, if you will."
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 |  | Beth is a writer and editor at Inside.com covering artificial intelligence and daily technology news. You can reach her at Beth.Duckett@inside.com. |   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords. | |
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