Microsoft to Invest $1 Billion in OpenAI

The San Francisco-based OpenAI aims to build artificial general intelligence, and on the 22nd of July, 2019, Microsoft Corp announced that it would be investing $1 billion in multi-year partnership with OpenAI.

The ambitious goal of this partnership is to develop supercomputing artificial intelligence technologies. Besides this, it is reported that OpenAI will license some of its tech for Microsoft to commercialize, though the specific tech involved and the date of occurrence is yet to be announced.

Founded in 2015 as a non-profit following the $1 billion funding from Silicon Valley investors Peter Thiel, Sam Altman, and LinkedIn co-founder, Reid Hoffman, OpenAI has since then employed artificial intelligence researchers to make great leaps in the field.

OpenAI has focused on the social implications and safety of AI, researching how realistic news stories can be generated by computers with only headline suggestions, among others.

According to the group, the investment of Microsoft will help it focus better on “artificial general intelligence” often called AGI. The aim of AGI is to develop a computing system with the ability to master a subject or a field even better than the best humans.

Microsoft and OpenAI jointly said that the latter group would exclusively move several of its services to Microsoft’s Azure. Thus, the Microsoft company, from henceforth, is the “preferred” company to commercialize OpenAI’s new services