Microsoft Invests $1 Billion in Startup – OpenAI

Microsoft to Invest $1 Billion in Artificial Intelligence Start-Up Called OpenAI

By NewsGram

Microsoft on Monday announced to invest $1 billion in Artificial Intelligence (AI) start-up called OpenAI. The multi-year partnership will jointly develop new supercomputing technologies on Microsoft’s Azure cloud computing platform.

The resulting enhancements to the Azure platform will also help developers build the next generation of AI applications, Microsoft said in a statement.

“By bringing together OpenAI’s breakthrough technology with new Azure AI supercomputing technologies, our ambition is to democratize AI – while always keeping AI safety front and centre – so everyone can benefit,” Microsoft CEO Satya Nadella said.

“OpenAI and Microsoft’s vision is for artificial general intelligence to work with people to help solve currently intractable multidisciplinary problems, including global challenges such as climate change, more personalized healthcare and education,” said the companies. (IANS)