Microsoft invests $1 billion in OpenAI

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Microsoft today announced that it would invest $1 billion in OpenAI, the San Francisco-based AI research firm cofounded by CTO Greg Brockman, chief scientist Ilya Sutskever, Elon Musk, and others, with backing from luminaries like LinkedIn cofounder Reid Hoffman and former Y Combinator president Sam Altman. In a blog post, Brockman said the investment will support the development of artificial general intelligence (AGI) — AI with the capacity to learn any intellectual task that a human can — with “widely distributed” economic benefits.
Source: Venture Beat