Microsoft's Billion Dollar Investment in OpenAI
On July 22, 2019, Microsoft announced an investment of US$1 billion into OpenAI, a San Francisco-based non-profit Artificial Intelligence (AI) research group that focuses on the development of Artificial General Intelligence (AGI). This announcement brings two of the largest names in the AI industry together: Microsoft owns Azure, one of the most popular cloud AI platforms, and is behind many key AI initiatives, including Open Neural Network Exchange (ONNX) and Project Brainwave, while OpenAI has achieved significant breakthrough in deep learning technology, creating one of the most advanced text generators based on its GPT-2 Framework and a gaming AI that has defeated human players in multiplayer online battle arena video games.
In addition, the amount that Microsoft invested is a noteworthy sum. To put this into context, ABI Research estimated the total global venture capital funding in AI to be US$10.7 billion and US$18.4 billion in 2017 and 2018 ...
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