How Microsoft’s $13 Billion Bet Made It a Force in AI

With OpenAI at its disposal, Microsoft looks so dominant in this nascent field that observers can be forgiven for thinking it might be 1995 again. It has invested $13 billion in OpenAI since 2019, according to people familiar with the partnership, and its share price has shot up 30% since ChatGPT’s unveiling. Now, Microsoft is moving to cash in.