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Microsoft’s $1-Billion Deal With OpenAI: A Win-Win and Further Market Consolidation
Microsoft has invested $1 billion in OpenAI, which by the way is no longer “open.” Founded in 2015 by Elon Musk and Sam Altman, OpenAI recently restructured into a for-profit OpenAI LP so that it could commercialize its AI technologies and attract necessary funding. (Musk left the company a year prior.)
The new company’s structure is quite complex: the new OpenAI LP is a standalone investment fund that is governed by OpenAI (which is still nonprofit). Its primary objective is to raise capital, and it avows to adhere to OpenAI’s mission “to ensure that artificial general intelligence benefits all of humanity.”
Until the Microsoft deal, OpenAI used to rent computing power from Google, and given the scale required it’s not cheap. Now it has access to Azure.
What’s in it for Microsoft? Some of that $1 billion will flow back as payment for Azure cloud resources. And, of course, Microsoft also gets access to impressive technology and talent to compete with Alphabet, Facebook, and Amazon. And it gets great PR.
By the way, in AI, $1 billion is not that much money: Wired reports that in 2017 alone DeepMind, the AI subsidiary of Alphabet, burned through almost half a billion dollars.
This is a race to world domination. With most organizations lacking resources to build and train machine learning models, the market is heating up for off-the-shelf AI (and cloud computing, of course, since some retraining is required after all). So, the best way to strengthen one’s market position? If you can’t buy them, make them your partner.
On May 24-25, Informatica held its annual conference in Las Vegas – the first time “in-person” since the beginning of the COVID-19 pandemic.
Custom application development is a strategic differentiator in the digital economy. Organizations need to make good decisions on how to insource or outsource that development or they risk bad software … and worse results.
This note highlights the top three trends to watch for in the 2022 UCaaS marketspace: AR/VR digital workspaces will see sustained investment; UCaaS and customer experience management technologies will continue to blend; and speech functionality will become more sophisticated through AI-driven technology.
Enterprise Connect is North America’s premier conference for advances in communications, collaboration, and customer experience technologies. In this note, Thomas Randall provides his trends and keynote highlights for Enterprise Connect 2021, held September 27 to 29.
On October 6, 2021, Front briefed Info-Tech on their latest product functionality and roadmap, alongside their growth in the EMEA region. Front – a unified customer experience platform provider – offers a centralized communications hub that enables the fluid interchange of information for both internal and external communications.
On October 8, 2021, BlueJeans by Verizon announced their “Next-Generation BlueJeans” suite and partnership with Google Glass. The Next-Generation suite ties BlueJeans Meetings to two new products: BlueJeans Spaces and BlueJeans Collab Board.
Vijay Sundaram, Chief Strategy Officer at Zoho, describes a major release of new apps and services focused on enabling hybrid work.
Automation is not a silver bullet solution to your workforce productivity challenges. Optimization and automation (optimation) must be used together to remove root cause inefficiencies and best use the features and capabilities of your automation solutions.
At its fifth annual Zoomtopia conference, Zoom announced a wide range of innovations and upcoming products, including feature improvements for Zoom’s core videoconferencing platform; expansions for Zoom Phone and Zoom Events; and the introduction of Zoom’s Video Engagement Center.