Microsoft invests $1 billion in OpenAI ethical AI project

July 23, 2019 //By Julien Happich
OpenAI
Microsoft announced it is joining the OpenAI ethical artificial intelligence project backed by Tesla's Elon Musk and Amazon, adding $1 billion to the project.

The partnership will be devoted to developing advanced AI models on Microsoft's Azure cloud computing platform while adhering to "shared principles on ethics and trust," the companies said in a joint release.

OpenAI’s main goal is to ensure artificial intelligence can be deployed safely and securely so its economic benefits are widely distributed. Microsoft will become the preferred partner for commercializing new "supercomputing" artificial intelligence technologies developed as part of the initiative.

"AI is one of the most transformative technologies of our time and has the potential to help solve many of our world's most pressing challenges," said Microsoft chief executive Satya Nadella.

"By bringing together OpenAI's breakthrough technology with new Azure AI supercomputing technologies, our ambition is to democratize AI."

OpenAI was launched in 2015 with financing from tech entrepreneur Musk, LinkedIn founder Reid Hoffman and Peter Thiel, a co-founder of PayPal with Musk. Microsoft is also a member of the nonprofit "Partnership on AI" focused on helping the public understand the technology and practices in the field along with Amazon, Google, Facebook and IBM.

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