Microsoft to invest $1 billion in OpenAI

guest · Jul 22, 2019

Microsoft to invest $1 billion in OpenAI
July 22, 2019
https://www.reuters.com/article/us-...t-to-invest-1-billion-in-openai-idUSKCN1UH1H9

Microsoft Corp said on Monday it was investing $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.

OpenAI said the Microsoft investment would help it pursue “artificial general intelligence,” or AGI. An AGI is the holy grail of the field and would mean the computing system can master a subject as well or better than the best humans in the world - and master more fields than any single human.

“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. The two also said that OpenAI would move many, though not all, of its services to Azure and that Microsoft would be its “preferred” partner to commercialize new services.
The two parties declined to answer questions from Reuters about the terms of the deal.
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Microsoft: OpenAI forms exclusive computing partnership with Microsoft to build new Azure AI supercomputing technologies

guest · Jan 10, 2023

Microsoft could be planning to invest $10 billion in OpenAI, but there are conditions
By Paul Hill - January 10, 2023

Microsoft has been looking to invest $10 billion in OpenAI, the company behind ChatGPT, Semafor has reported. Microsoft wanted to stump up the money in collaboration with other venture firms and issued documents to possible investors. Those documents say that Microsoft was looking to finalize things by the end of 2022 so it could have already decided what to do.
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The terms Microsoft has come up with for the funding are very favourable to it indeed. Apparently, Microsoft would receive a massive 75% of OpenAI’s profits until it gets its original investment back. Once Microsoft recoups its initial investment, Semafor says “it would revert to a structure that reflects ownership of OpenAI”, that is, Microsoft would have a 49% stake and the investors would have another 49%, leaving the non-profit parent, OpenAI Inc. with just 2%.

If Microsoft does go ahead with this $10 billion investment in OpenAI, it won’t be the first time it has helped the company financially. Back in 2019, Microsoft injected $1 billion into the company to help it build projects like ChatGPT.
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guest · Jan 23, 2023

Microsoft extends OpenAI partnership in a ‘multibillion dollar investment’
By Tom Warren @tomwarren - January 23, 2023

Microsoft says it’s extending its long-term partnership with OpenAI through a new “multiyear, multibillion dollar investment.” The investment comes just weeks after Microsoft was rumored to be investing $10 billion into OpenAI, the creators of popular AI tools like ChatGPT and DALL-E 2.
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“We formed our partnership with OpenAI around a shared ambition to responsibly advance cutting-edge AI research and democratize AI as a new technology platform,” says Microsoft CEO Satya Nadella. “In this next phase of our partnership, developers and organizations across industries will have access to the best AI infrastructure, models, and toolchain with Azure to build and run their applications.”
The deal will see Microsoft increase its investments in the development and deployment of supercomputing systems to assist OpenAI’s research. The key part of the deal means that Microsoft is the exclusive cloud partner for OpenAI, and Microsoft’s cloud services will power all OpenAI workloads across products, API services, and research.
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Microsoft: Microsoft and OpenAI extend partnership

January 23, 2023
Today, we are announcing the third phase of our long-term partnership with OpenAI through a multiyear, multibillion dollar investment to accelerate AI breakthroughs to ensure these benefits are broadly shared with the world.
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