{"id":20434,"date":"2019-07-23T11:00:20","date_gmt":"2019-07-23T10:00:20","guid":{"rendered":"https:\/\/www.devopsonline.co.uk\/?p=20434"},"modified":"2019-07-23T11:00:20","modified_gmt":"2019-07-23T10:00:20","slug":"microsoft-to-invest-1-billion-into-cloud-computing","status":"publish","type":"post","link":"https:\/\/devopsnews.online\/microsoft-to-invest-1-billion-into-cloud-computing\/","title":{"rendered":"Microsoft to invest $1 billion into cloud computing"},"content":{"rendered":"
Multinational tech company, Microsoft, is investing $1 billion (around \u00a3804 million) into artificial intelligence start-up, Open AI LP, as a way of growing its Azure cloud computing platform.<\/p>\n
The news comes after Microsoft recently praised its Azure cloud computing service<\/a> for helping the company increase in profits by 12%, with Azure having a specific increase of 64% in sales in the last quarter, making the software giant the world\u2019s most valuable public company.<\/p>\n The businesses are joining forces in the hopes of developing supercomputing technologies for Microsoft\u2019s Azure service, with their main focus being on artificial general intelligence.<\/p>\n Both Open AI LP<\/a> and Microsoft say they want to focus on this type of AI so they can work on a much broader field that has a fairer representation of what the future of AI holds.<\/p>\n Chief Executive Satya Nadella said, \u201cThe quintessential characteristic for any application being built in 2019 and beyond will be AI,\u201d<\/p>\n As part of the deal, the AI firm has said that they will use some \u201cpre-AGI technologies\u201d and will run its amenities on Azure and use Microsoft as its main partner in advertising its AI technologies.<\/p>\n The software giant has been slowly evolving Azure\u2019s features,<\/a> but now hopes that with the investment and collaboration, they will be able to develop growth and sales much further.<\/p>\n Stifel analyst Brad Reback has commented, \u201cThis is a big investment for Microsoft, even at their size,\u201d adding, \u201cThey\u2019ll do scores of acquisitions annually but most of them tend to be smaller technology tuck-ins.\u201d<\/p>\n Open AI started in 2015 with the aim of moving forward with general artificial intelligence. The business has since found itself competing with Google\u2019s sister company, Alphabet Inc.<\/a> and its UK based enterprise, DeepMind Technologies.<\/p>\n The AI firm changed from a not-for-profit to a private company earlier this year.<\/p>\n The co-founder and chairman of Open AI, Greg Brockman, has said that they do not plan on spending the investment money in more than 5 years.<\/p>\n On speaking of the collaboration, Open AI wrote in a press release, \u201cWe believe that the creation of beneficial AGI will be the most important technological development in human history, with the potential to shape the trajectory of humanity,\u201d<\/p>\n <\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Multinational tech company, Microsoft, is investing $1 billion (around \u00a3804 million) into artificial intelligence start-up, Open AI LP, as a way of growing its Azure cloud computing platform. The news comes after Microsoft recently praised its Azure cloud computing service for helping the company increase in profits by 12%, with Azure having a specific increase…<\/p>\n","protected":false},"author":45,"featured_media":20435,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","pmpro_default_level":"","footnotes":""},"categories":[3352,3239],"tags":[3403,918,798,26,3402],"yoast_head":"\nCombining cloud with AI<\/h4>\n
A growing company<\/h4>\n
Shaping the \u201ctrajectory of humanity”<\/h4>\n