In a recent interview, Microsoft CEO Satya Nadella shared insights about the company’s early investment in OpenAI, which faced skepticism, even from cofounder Bill Gates. Despite concerns about spending a billion dollars, Nadella and his team believed in the potential of AI and secured board approval for the high-risk investment. Initially made in 2019 to enhance Azure’s AI capabilities, this decision resulted in Microsoft pouring a total of $13 billion into OpenAI. As of January, this partnership has significantly benefited Microsoft, with OpenAI boosting its net income by $7.6 billion. OpenAI’s restructuring now grants Microsoft a 27% ownership stake valued at around $135 billion. Gates, who initially hesitated, has since acknowledged the rapid evolution of AI, predicting that many tasks currently performed by humans will soon be automated. This evolution highlights the transformative power and investment potential of AI technology.
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