OpenAI cooperates with Microsoft to launch a $100 million start-up fund

Recently, OpenAI launched the OpenAI Startup Fund, which currently has a fund pool of $100 million to help artificial intelligence companies have a profound and positive impact on the world. The fund is managed by OpenAI and invested by Microsoft and other partners. OpenAI stated that the selected companies will enter the future OpenAI system ahead of time and are supported by the OpenAI team.

According to Sam Altman, CEO of OpenAI, the OpenAI Venture Fund will make large-scale, early-stage investments in relatively few companies, and the number may not exceed 10. It will seek to collaborate with early-stage startups where artificial intelligence can have a “transformational” impact (such as healthcare, climate change, and education), as well as areas that help people increase productivity (such as personal assistants and semantic search).

The establishment of the start-up fund allowed OpenAI to further expand its cooperation with Microsoft. About a year ago, Microsoft announced that it would invest $1 billion in OpenAI to jointly develop new technologies for Microsoft’s Azure cloud platform. Subsequently, OpenAI released an API supported by Microsoft Azure, allowing developers to explore the capabilities of GPT-3. At the end of 2020, Microsoft announced that it will use GPT-3 exclusively authorized to provide customers with artificial intelligence solutions and create new products that utilize natural language generation capabilities.