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  • Friday, November 8, 2024

Microsoft Announces $1B Investment in OpenAI to Bring AI Supercomputing Tech to Azure


Jeff Brody

Microsoft (Nasdaq: MSFT) will invest $1B in San Francisco-based artificial intelligence research company OpenAI to create new AI supercomputing technologies on the Azure cloud platform under a multiyear partnership.

OpenAI will run its services on Microsoft Azure to advance the development of artificial general intelligence and other AI technologies through the exclusive partnership, Microsoft said Monday.

œBy bringing together OpenAI™s breakthrough technology with new Azure AI supercomputing technologies, our ambition is to democratize AI ” while always keeping AI safety front and center – so everyone can benefit, said Microsoft CEO Satya Nadella.

œOur 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, said OpenAI CEO Sam Altman.

The two companies will also collaborate to bring new AI technology platforms to market.

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