Gates warned Nadella he'd burn $1 billion on OpenAI bet Microsoft CEO Satya Nadella revealed that Bill Gates initially warned him the company would "burn this billion dollars" when he proposed investing in OpenAI in 2019, despite what has become one of tech's most profitable partnerships worth $135 billion today. Speaking on the tech-focused YouTube show TPBN this week, Nadella disclosed that securing board approval for the initial $1 billion OpenAI investment wasn't straightforward, even drawing skepticism from Microsoft's co-founder. "Remember this was a nonprofit, and I think Bill even said, 'Yeah, you're going to burn this billion dollars,'" Nadella recalled #MicrosoftOpenAI #OpenAI #AIpartnership #TechNews #artificialintelligence #AIRevolution #Azure #AzureOpenAI #AGI
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Microsoft nears $4 trillion market cap on AI boom Microsoft stock closed at $513.58 on October 17, positioning the tech giant within striking distance of a historic $4 trillion market valuation as massive artificial intelligence investments drive unprecedented growth. The company's market capitalization currently stands at approximately $3.82 trillion, making it one of only two companies to approach this milestone alongside Nvidia. #Microsoft #AI #artificialintelligence #MarketCap #TechNews #CloudComputing #Azure #AIInfrastructure #OpenAI https://www.perplexity.ai/...