OpenAI is an AI research company. It was founded in San Francisco in 2015 by Sam Altman, Elon Musk, and others, who collectively pledged $1 billion. OpenAI created a range of AI-powered tools that allow computers to perform all kinds of tasks like translating text into images or making a robot hand that can solve a Rubik’s Cube.

Microsoft purchased an exclusive license to the underlying technology of GPT-3 in 2020 after investing $1 billion in the company in 2019.

The most groundbreaking and well-known development by OpenAI is GPT-3, or the third-generation Generative Pre-trained Transformer. This is an ML model trained on internet data to generate text. It is capable of transforming a small amount of input text into large volumes of complex text up to user requirements.