Microsoft Pours $10 Billion Into ChatGPT Maker OpenAI

Microsoft is increasing its investment in OpenAI, the creator of Chat GPT, with a potential $10 billion investment. This marks their third investment in three years, following previous investments in 2019 and 2021. Chat GPT is renowned for its advanced AI capabilities, including content creation and problem-solving. Despite recent layoffs, Microsoft is focusing on enhancing its AI technology and exploring ways to monetize Chat GPT, while OpenAI remains a nonprofit.

What are some capabilities of Chat GPT technology mentioned in the text?

What was the context of Microsoft's investment announcement in relation to its layoffs?