U.S. Markets close in 5 hrs 8 mins

Daily Crunch: Microsoft invests $1B in OpenAI

Anthony Ha
Daily Crunch: Microsoft invests $1B in OpenAI

The Daily Crunch is TechCrunch's roundup of our biggest and most important stories. OpenAI was founded three years ago by Elon Musk, Sam Altman and others with the aim of performing research and development that steers artificial intelligence in a "friendlier" direction. Its deal with Microsoft is an "exclusive computing partnership," with new AI technologies built for Microsoft's Azure platform and existing OpenAI services ported over.