Minutes after Google unveiled its rival AI software called Bard, Microsoft confirmed plans to host a news event on Tuesday that may be related to the AI chatbot ChatGPT.

In a tweet on Monday, the head of Microsoft’s public relations confirmed the event’s existence but did not elaborate. OpenAI CEO Sam Altman, on the other hand, tweeted shortly after the news broke that he was in Redmond, Washington, where Microsoft’s headquarters are, and that he was “excited” about tomorrow’s event.

Following the company’s announcement in January regarding its new multiyear, multibillion-dollar investment with ChatGPT manufacturer OpenAI, Microsoft is holding an event. Following Microsoft’s previous investments in 2019 and 2021, this is the third phase of their partnership.

In contrast to the chatbots of Silicon Valley’s past, ChatGPT generates text automatically based on written prompts in a manner that is significantly more advanced and inventive. On Twitter, tech executives and venture capitalists raved about the software, even comparing it to Apple’s 2007 iPhone launch. The software launched at the end of November and quickly became a viral sensation.

According to Microsoft, the renewed partnership with OpenAI will assist both businesses in the future in commercializing advanced technologies and will accelerate advancements in artificial intelligence.

OpenAI is one of the top three AI labs in the world, according to AI researchers, and the company has made game-playing AI software that can beat humans at games like Dota 2. However, its quirky AI image generator Dall-E and ChatGPT may have garnered more attention.