AI business

2 entries between March 2019 and July 2019, 1 turning point.

Turning points

  1. Microsoft invests $1 billion in OpenAI

    Microsoft and OpenAI announced a multiyear partnership on 22 July 2019 under which Microsoft would invest $1 billion, paid in installments, and become OpenAI’s exclusive cloud provider. The companies said they would jointly build AI supercomputing systems on Azure.

Every entry

  1. Microsoft invests $1 billion in OpenAI

    Microsoft and OpenAI announced a multiyear partnership on 22 July 2019 under which Microsoft would invest $1 billion, paid in installments, and become OpenAI’s exclusive cloud provider. The companies said they would jointly build AI supercomputing systems on Azure.

  2. OpenAI restructures as the capped-profit OpenAI LP

    OpenAI said on 11 March 2019 that it had created OpenAI LP, a capped-profit company controlled by its original nonprofit board, in order to raise investment. Returns to first-round investors were capped, with profit beyond the cap passing to the nonprofit.