Microsoft is spending $1 Billion in OpenAI, a San Francisco-located research lab established by Silicon Valley personalities, comprising Sam Altman and Elon Musk. The lab is devoted to creating AGI (artificial general intelligence).
The spending will make Microsoft the “elite” supplier of cloud computing services to OpenAI, and the 2 firms will operate together to design new techs. OpenAI will also approve some of its tech to Microsoft to commercialize, although when this might take place and what technology will be comprised has yet to be declared.
OpenAI started in 2015 as a nonprofit research lab and was aimed to match the high-tech R&D of firms such as Amazon and Google while aiming on designing AI in a democratic and safe fashion. But previously this year, OpenAI claimed it required more cash to carry on this work, and it established a new company to seek out investment.
To lure supporters, OpenAI has made outrageous commitments about the ability of its tech. Altman, who became the new for-profit OpenAI’s CEO, has claimed that if the firm does manage to make AGI, it can perhaps grab the light cone of all upcoming value in the universe.
So as to limit the greed of supporters, OpenAI works as a capped-profit body, indicating anybody who places in money can only anticipate returns 100 times of their spending.
On a related note, we are all used to listening how good Microsoft has been performing so far, hence the earnings report of the company for Q4 of this year comes as no shock. One more time, the tech major performed good, clocking a “record financial year.” Satya Nadella, CEO of the firm, credited this to the deep associations with leading firms in every sector leading to multi-year, larger commercial cloud deals and increasing momentum all over every layer of their tech stack.