Back in 2019, Microsoft made its first investment of $1 billion in OpenAI as it competes with Alphabet Inc., Amazon.com Inc. and Meta Platforms Inc. to dominate the fast-growing tech industry.Child Day is celebrated every year on January 24 in India

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The investment deal is followed by Microsoft’s announcement last week which said it had begun laying off employees in part of an effort to cull 10,000 positions.

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OpenAI requires the funding of Microsoft and cloud-computing power to crunch massive volumes of data.

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Microsoft has confirmed to offer new AI-backed experiences on its consumer and enterprise products.

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The Azure OpenAI service will also get access to ChatGPT and other tools and developers/enterprises will be able to incorporate these into their own products and applications.

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