Connect with us

Hi, what are you looking for?

Tech & Science

Microsoft announces it will invest $1 billion in OpenAI

Founded in 2015 as a non-profit with $1 billion in funding from Silicon Valley investors, Sam Altman, Elon Musk, Peter Thiel, and LinkedIn co-founder Reid Hoffman, among others, the company’s stated aim was to promote and develop friendly AI in such a way as to benefit humanity as a whole.

Since its founding, OpenAI has employed artificial intelligence researchers to develop advances in the field of AI, such as teaching a robotic hand to perform human-like tasks, entirely using software, thereby cutting down the cost and time of training robots.

More importantly, from the very start, the company has focused on the safety and social implications of AI, researching how computers can generate realistic news stories with little more than headline suggestions, motivated in part by concerns about existential risk from artificial general intelligence.

CTO Greg Brockman, in a blog post, said the investment will support the development of artificial general intelligence (AGI) — AI with the capacity to learn any intellectual task that a human can — with “widely distributed” economic benefits, according to Venture Beat.


Azure AI supercomputing technologies
With the $1 billion investment by Microsoft, the Seattle company, in partnership with OpenAI will jointly build new Azure AI supercomputing technologies. OpenAI will also 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 (AGI), according to Microsoft.

The companies are focusing on building a computational platform in Azure of unprecedented scale, which will train and run increasingly advanced AI models. This will include hardware technologies that build on Microsoft’s supercomputing technology while adhering to their shared principles on ethics and trust.

This will create the foundation for advancements in AI to be implemented in a safe, secure and trustworthy way and is a critical reason the companies chose to partner together.

Microsoft and OpenAI declined to answer questions about whether and how Microsoft’s return on its $1 billion investment would be capped, or how any revenue and profits from jointly developed technologies would be shared, according to Reuters.

Avatar photo
Written By

We are deeply saddened to announce the passing of our dear friend Karen Graham, who served as Editor-at-Large at Digital Journal. She was 78 years old. Karen's view of what is happening in our world was colored by her love of history and how the past influences events taking place today. Her belief in humankind's part in the care of the planet and our environment has led her to focus on the need for action in dealing with climate change. It was said by Geoffrey C. Ward, "Journalism is merely history's first draft." Everyone who writes about what is happening today is indeed, writing a small part of our history.

You may also like:

Business

South Korean conglomerate Samsung unveiled on Sunday a plan to invest $310 billion over the next five years mostly in technology powering AI.

World

Travellers wait at London's Heathrow Airport, one of the major European airports. — © AFP Olesya KURPYAYEVAPeter HUTCHISONBritain’s interior minister on Sunday defended plans...

Entertainment

Luca Castellani chatted about starring in the new short film "America," and working with co-lead Cheyenne Jackson and director Aly Muritiba.

Entertainment

Filmmaker Yevgeny Gratvol chatted about writing and directing the short film "Holocaust Day," and being a part of the digital age.