Microsoft to invest $1.4 billion in OpenAI

By on
Microsoft to invest $1.4 billion in OpenAI

Develops supercomputing capabilities on Azure.

Microsoft is investing US$1 billion ($1.42 billion) in San Francisco-based OpenAI and has formed a multi-year partnership with the organisation to develop AI supercomputing technologies on Azure cloud. OpenAI was founded in 2015 as a nonprofit with US$1 billion in funding from Silicon Valley ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
microsoft openai software

Most Read Articles

NBN Co shows its top user now hits 26TB a month

NBN Co shows its top user now hits 26TB a month
ATO moves to break up $1bn Optus megadeal

ATO moves to break up $1bn Optus megadeal
Inside Infosys' complex Centrelink payments calculator overhaul

Inside Infosys' complex Centrelink payments calculator overhaul
Infosys wins massive Centrelink payments engine deal

Infosys wins massive Centrelink payments engine deal
You must be a registered member of iTnews to post a comment.
| Register

Whitepapers from our sponsors

Are you getting profitable outcomes from your IT?
Are you getting profitable outcomes from your IT?
Your Microsoft Security journey starts here
Your Microsoft Security journey starts here
Is your AWS framework well-architected?
Is your AWS framework well-architected?
Why you should reassess your cybersecurity posture
Why you should reassess your cybersecurity posture
How will you manage the cloud data deluge?
How will you manage the cloud data deluge?

Events

Log In

Username / Email:
Password:
  |  Forgot your password?