CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Name of the research lab which raised USD 1 billion from Microsoft?
A
AI Town
B
World of AI
C
OpenAI
D
Tech to Tech
Explanation: 

Detailed explanation-1: -Musk resigned from the board in 2018 but remained a donor. Microsoft provided OpenAI LP a $1 billion investment in 2019 and a second multi-year investment in January 2023, reported to be $10 billion.

Detailed explanation-2: -The tech giant aims to remain at the forefront of generative artificial intelligence with its partnership with OpenAI.

Detailed explanation-3: -“We formed our partnership with OpenAI around a shared ambition to responsibly advance cutting-edge AI research and democratize AI as a new technology platform,” said Satya Nadella, Chairman and CEO, Microsoft.

Detailed explanation-4: -The company is not currently a publicly traded stock; however, if Microsoft does take a large position in the company, investors will be able to gain indirect exposure to OpenAI by purchasing Microsoft shares.

Detailed explanation-5: -Elon Musk doesn’t currently own any shares in OpenAI. However, he did at one point own a stake in the company, but he sold his stake to Microsoft in 2018.

There is 1 question to complete.