On Friday, OpenAI CEO Sam Altman commended Microsoft and CEO Satya Nadella for their pivotal early investment in the AI sector, attributing OpenAI’s transformation into a leader in artificial intelligence to Microsoft’s substantial support. Since investing approximately $13-$14 billion in 2019, Microsoft has acquired a 27% stake in OpenAI, valued at around $135 billion. Nadella emphasized that this decision stemmed from a belief in OpenAI’s mission, despite initial skepticism from co-founder Bill Gates. Altman described their partnership as one of the greatest in tech history, highlighting Microsoft’s essential role in enabling OpenAI’s innovations. Recent developments include a new agreement linking OpenAI to $250 billion in Azure cloud purchases, ensuring Microsoft’s continued access to OpenAI’s technology until artificial general intelligence is confirmed. As a result, Microsoft’s stock has risen nearly 22% in six months, showcasing strong investor confidence and robust long-term fundamentals within the competitive AI landscape.
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