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Microsoft Corporations MSFT co-founder Bill Gates praised OpenAIs AI-powered chatbot called chatGPT and called it as significant as the invention of the internet.

What Happened: In an interview with German business daily Handelsblatt published on Friday, Gates said that an invention like chatGPT could essentially change the world, reported Reuters.

See Also: Apple Could Be Big Beneficiary Of Microsoft-Google AI Battle Heres How

Gates comments were published in German, but it translated to, Until now, artificial intelligence could read and write, but could not understand the content. The new programs like ChatGPT will make many office jobs more efficient by helping to write invoices or letters. This will change our world.

Why Its Important: Microsoft has launched a new version of its search engine Bing and internet browser Edge, powered by the same OpenAI technology that works behind chatGPT.

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OpenAIs chatGPT which has taken the internet by storm was released in November for testing. The AI-powered chatbot has ignited a battle among tech giants resulting in Alphabet Inc. GOOG GOOGL reportedly declaring code red and Sundar Pichai aggressively promoting the companys AI strategy.

Google has now launched its own AI chatbot Bard.

Read Next: Want To Join Microsofts New AI-Powered Bing Search Engine? Heres What To Do

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