In a new announcement, Microsoft has promised to invest a billion dollars in an Elon Musk-founded artificially intelligent firm to advance its Microsoft Azure.

Microsoft announced on Monday that it will be investing $1 billion in ‘OpenAI’, the AI firm founded by billionaire Elon Musk. The firms plan to work in liaison for bringing supercomputing technologies and AI to Microsoft Azure – Microsoft’s cloud computing service for building, testing, deploying, and managing applications and services through Microsoft-managed data centers.

Also, OpenAI will run its services solely in Microsoft’s cloud. They are partnering in order to create a hardware and software platform within Microsoft Azure that will scale to developing Artificial General Intelligence (AGI), which is a technology that people believe to be equivalent to or surpass human intellect, reported OpenAI.

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“We want AGI to work with people to solve currently intractable multi-disciplinary problems, including global challenges such as climate change, affordable and high-quality healthcare, and personalized education,” wrote OpenAI.

Moreover, the firms believe that the creation of AGI will be a very significant technological development in entire human history and will also have the potential to shape the human trajectory.

Microsoft CEO Satya Nadella expressed, “By bringing together OpenAI’s breakthrough technology with new Azure AI supercomputing technologies, our ambition is to democratize AI — while always keeping AI safety front and center — so everyone can benefit.”