📚 Reading Microsoft invested $1B into recently converted non-profit-to-LP startup OpenAI. This is interesting for a few reasons, namely 1) OpenAI is making use of its new for-profit corporation structure to follow through on previously unavailable funding opportunities and 2) Microsoft is building much needed street-cred for its Azure platform within the machine learning community. OpenAI has attracted the ire of prominent machine learning researchers over the last year due to ambitious statements around creating artificial general intelligence (AGI). They also do not sell any products or have any publicized plans to create products in the future.
A Billion Dollar Bet 💰
A Billion Dollar Bet 💰
A Billion Dollar Bet 💰
📚 Reading Microsoft invested $1B into recently converted non-profit-to-LP startup OpenAI. This is interesting for a few reasons, namely 1) OpenAI is making use of its new for-profit corporation structure to follow through on previously unavailable funding opportunities and 2) Microsoft is building much needed street-cred for its Azure platform within the machine learning community. OpenAI has attracted the ire of prominent machine learning researchers over the last year due to ambitious statements around creating artificial general intelligence (AGI). They also do not sell any products or have any publicized plans to create products in the future.