Microsoft invests $1 billion in OpenAI, an artificial intelligence startup co-founded by Elon Musk and Sam Altman
Tech giant Microsoft today announced today it’s investing $1 billion in OpenAI, an artificial intelligence project co-founded by Elon Musk. As part of the multi-year agreement, the two companies will work together to bring supercomputing technologies and OpenAI will run its services exclusively in Microsoft’s cloud.
Founded in late 2015 by Elon Musk and Sam Altman, the San Francisco-based OpenAI is a for-profit startup conducting research in artificial intelligence (AI) with the goal o promote and develop friendly AI in such a way as to benefit humanity as a whole. OpenIA aims to “freely collaborate” with other institutions and researchers by making its patents and research open to the public. Both founders are motivated in part by concerns about existential risk from artificial general intelligence.
Through the partnership, the two companies will accelerate breakthroughs in AI and power OpenAI’s efforts to create artificial general intelligence (AGI). The resulting enhancements to the Azure platform will also help developers build the next generation of AI applications. With the partnership, Microsoft and OpenAI will jointly build new Azure AI supercomputing technologies
OpenAI will port its services to run on Microsoft Azure, which it will use to create new AI technologies and deliver on the promise of artificial general intelligence. Microsoft will become OpenAI’s preferred partner for commercializing new AI technologies.
“The creation of AGI will be the most important technological development in human history, with the potential to shape the trajectory of humanity,” said Sam Altman, CEO, OpenAI. “Our mission is to ensure that AGI technology benefits all of humanity, and we’re working with Microsoft to build the supercomputing foundation on which we’ll build AGI. We believe it’s crucial that AGI is deployed safely and securely and that its economic benefits are widely distributed. We are excited about how deeply Microsoft shares this vision.”
“AI is one of the most transformative technologies of our time and has the potential to help solve many of our world’s most pressing challenges,” said Satya Nadella, CEO, Microsoft. “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 center — so everyone can benefit.”