Microsoft announces $1 billion investment in Elon Musk-backed AI company

1:40 PM ET Mon, 22 July 2019

Microsoft has announced a $1 billion investment in OpenAI as part of a partnership with the artificial intelligence start-up. OpenAI will use Microsoft Azure cloud servers exclusively while it develops more advanced AI. The company was co-founded by Elon Musk and the current CEO, Sam Altman.