Breaking News from Today's Microsoft and OpenAI event

Microsoft and OpenAI held a groundbreaking event today to showcase their latest advancements in AI technology. CEO of Microsoft, Satya Nadella, opened the exclusive, invite-only event by addressing the 70-100 attendees which consisted of members of the press and digital creators.

One of the key highlights of the event was the introduction of a new chat assistant feature by Microsoft's Bing. This new feature is designed to make information retrieval easier and more efficient by providing the ability to cite sources, access recent and up-to-date information, and answer complex prompts. The chat assistant is powered by a custom tailored search model, known as ChatGPT 3.5, which is a more advanced version of OpenAI's current public offering on the ChatGPT bot.

CEO of OpenAI, Sam Altman, expressed his excitement about the continued collaboration between the two companies, which has been in place for the past three years. He emphasized that safety and ethics remain a top priority for both Microsoft and OpenAI in their continued advancements in AI technology.

At the event, Microsoft also announced that they are introducing a closed beta for the new version of Bing, which will be made available to a limited number of users for testing and feedback. The company plans to expand the availability of the new chat assistant feature to millions of users soon, once they have received and incorporated feedback from the beta testing phase. This move represents a major milestone in Microsoft's continued efforts to improve and enhance the search and information retrieval experience for users. With the new chat assistant feature, users will be able to access information more quickly and easily than ever before, making Bing a valuable resource for anyone looking to stay informed and up-to-date.

Overall, the event was a major step forward in the development of AI technology, showcasing the powerful capabilities of Microsoft's Bing and OpenAI's collaboration. The new chat assistant feature from Bing is poised to revolutionize the way people access and retrieve information, making it easier and faster than ever before. The continued focus on safety and ethics by both companies serves as a reminder that as AI technology continues to advance, it is important to ensure that its impact on society is positive.