Microsoft's OpenAI Investment Faces Challenges and Big Bets
TL;DR Summary
Microsoft's CEO Satya Nadella revealed that Bill Gates initially doubted the company's $1 billion investment in OpenAI, predicting it would be a failure, but the gamble paid off as OpenAI became the world's most valuable private company, leading Microsoft to increase its stake to 27% worth about $135 billion and expand its partnership.
- Microsoft CEO Satya Nadella says Bill Gates told him his big bet on OpenAI would be a flop: 'Yeah, you're going to burn this billion dollars' Fortune
- Built to benefit everyone OpenAI
- Microsoft takes $3.1 billion hit from OpenAI investment CNBC
- Artificial Intelligencer: Inside the $500 billion deal that freed OpenAI’s ambition Reuters
- What to know about OpenAI's new deal with Microsoft Axios
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