INSUBCONTINENT EXCLUSIVE:
Microsoft is making a $1 billion bet on OpenAI, the company formed by notable founders including Elon Musk and Sam Altman three years ago
But there are some caveats, including that there is OpenAI Inc
the nonprofit organization, and its for-profit corporate subsidiary OpenAI LP, and that its current charter includes a provision that out of
Microsoft seems to be to provide it an edge in building out a broad-scale Azure AI platform, and ensure its supercomputing technologies are
involved in the development of artificial general intelligence
after the press releases hit the wire at 6am this morning, OpenAI contacted us with a bit more detail about the announcement
It uses a standard capital commitment structure, to be called as we need it
Musk, Altman and co-founder Brockman, as well as Reid Hoffman, Jessica Livingston, Peter Thiel, Amazon Web Services (this makes the Azure
angle here particularly interesting), Infosys and YC Research, though it did not anticipate spending that much in the ensuing few years.
