Microsoft invests $1 billion in OpenAI to pursue holy grail of artificial intelligence

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Microsoft is investing $1 billion in OpenAI, a San Francisco-based research lab founded by Silicon Valley luminaries, including Elon Musk and Sam Altman, that's dedicated to creating artificial general intelligence (AGI). The investment will make Microsoft the "exclusive" provider of cloud computing services to OpenAI, and the two companies will work together to develop new technologies. OpenAI will also license some of its tech to Microsoft to commercialize, though when this may happen and what tech will be involved has yet to be announced. OpenAI began as a nonprofit research lab in 2015 and was intended to match the high-tech R&D of companies like Google and Amazon while focusing on developing AI in a safe and democratic fashion. But earlier this year, OpenAI said it needed more money to continue this work, and it set up a new for-profit firm to seek outside investment.