Microsoft Plans To Invest $1 Billion In OpenAI

The two companies will jointly build new Azure AI supercomputing technologies

Recently, Microsoft and OpenAI announced their collaboration to extend Microsoft Azure’s capabilities in large-scale AI systems. By teaming up, the companies want to accelerate breakthroughs in AI and power OpenAI’s efforts to create artificial general intelligence (AGI).
The key points of the partnership are:
  • The two companies will jointly build new Azure AI supercomputing technologies.
  • OpenAI will port its services to run on Microsoft Azure. It will use the new platform for creating new AI technologies and deliver on the promise of AGI.
  • As part of the agreement, Microsoft will become OpenAI’s preferred partner for commercializing new AI technologies
  • Microsoft will invest $1 Billion in the multiyear partnership.
Sam Altman, CEO of OpenAI (left), and Microsoft CEO Satya Nadella
Source: Microsoft 
Microsoft and OpenAI want to build a computational platform in Azure of unprecedented scale. This platform will train and run increasingly advanced AI models and include hardware technologies that build on Microsoft’s supercomputing technology.
Regarding artificial general intelligence, Sam Altman, CEO, OpenAI, said, "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."