CURRENT AFFAIRS

Detailed explanation-1: -Microsoft finally confirmed a new multi-year investment in OpenAI, the company behind ChatGPT, in a press release on January 23. When we last wrote about Microsoft’s investment in ChatGPT, it was reported by Semafor that the tech giant was looking to invest an additional $10 billion into the startup.

Detailed explanation-2: -The company had launched $10 billion India Digitisation Fund to make access to the internet affordable. It also announced several projects powered by artificial intelligence, including speech technology, voice and video search etc.

Detailed explanation-3: -It has invested $4.5 billion in Reliance Industries’ Jio Platforms and led an investment of $145 million in InMobi’s Glance, which also owns a short-video platform, Roposo.

Detailed explanation-4: -The company will acquire a 1.28 % stake in Airtel for US$ 700 m. The remaining US$ 300 m will be part of a corpus that will be invested over five years in the areas of devices, networks, and cloud technologies.

Detailed explanation-5: -The deal includes an investment of $700 million to acquire a 1.28% stake in Airtel and up to $300 million for multi-year commercial agreements.