Microsoft to invest US$1 billion in OpenAI

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Microsoft to invest US$1 billion in OpenAI
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Microsoft Corp said on Monday it was investing US$1 billion in San Francisco-based OpenAI and that the two had formed a multi-year partnership to ...

Microsoft Corp said on Monday it was investing US$1 billion in San Francisco-based OpenAI and that the two had formed a multi-year partnership to develop artificial intelligence supercomputing technologies on Microsoft's Azure cloud computing service.

The group has also focused on the safety and social implications of AI, researching how computers can generate realistic news stories with little more than headline suggestions and warning researchers to consider how their work and algorithms might be misused by bad actors before publishing them. "We believe it's crucial that AGI is deployed safely and securely and that its economic benefits are widely distributed," Altman said in a statement."We are excited about how deeply Microsoft shares this vision."Microsoft said the two companies would jointly build new AI technologies on Microsoft's Azure cloud computing service.

When OpenAI created the structure in March, it said investors who put money into the for-profit entity would have their returns capped and that the nonprofit's mission would take precedence over turning a profit.

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