Microsoft (MSFT) invests $1 billion in OpenAI for exclusive partnership

Microsoft (MSFT) and OpenAI have reached a non-binding agreement that allows OpenAI to restructure as a for-profit company. OpenAI, co-founded by Elon Musk, aims to develop artificial general intelligence. The deal includes a $1 billion investment from Microsoft, which will become the exclusive cloud provider for OpenAI. Microsoft will also license OpenAI’s GPT-3 language model for commercial use.