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Microsoft invests $1 bn in OpenAI startup
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IANS | 23 Jul, 2019
Microsoft on Monday announced to
invest $1 billion in Artificial Intelligence (AI) start-up called
OpenAI. The multi-year partnership will jointly develop new
supercomputing technologies on Microsoft's Azure cloud computing
platform.
The resulting enhancements to the Azure platform will
also help developers build the next generation of AI applications,
Microsoft said in a statement.
"By 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 centre - so everyone can benefit," Microsoft CEO Satya Nadella
said.
OpenAI will 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.
Microsoft will also become OpenAI's preferred partner for commercialising new AI technologies.
The
companies will focus on building a computational platform in Azure of
unprecedented scale, which will train and run increasingly advanced AI
models, include hardware technologies.
"The creation of AI will
be the most important technological development in human history, with
the potential to shape the trajectory of humanity," OpenAI CEO Sam
Altman said.
Over the past decade, innovative applications of
deep neural networks coupled with increasing computational power have
led to continuous AI breakthroughs in areas such as vision, speech,
language processing, translation, robotic control and even gaming.
"OpenAI
and Microsoft's vision is for artificial general intelligence to work
with people to help solve currently intractable multidisciplinary
problems, including global challenges such as climate change, more
personalized healthcare and education," said the companies.
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