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.
Business Intelligence is about enabling new insights, validating assumptions, and seeing things that could have gone unnoticed in the daily routine. Read about the top BI software trends for 2021.
IBM is changing the terms of its ubiquitous Passport Advantage agreement to remove entitled discounts on over 5,000 on-premises software products, resulting in an immediate price increase for IBM Software & Support (S&S) across its vast customer landscape.
Thinking about choosing a new software vendor but don't know where to start? Narrow down your shortlist by focusing on software that has received an Info-Tech Research Group award. New data from SoftwareReviews shows that organizations reported higher satisfaction when they switched to software that had received an Info-Tech award.
Board International follows the trend of delivering solutions by opening a solution marketplace while strengthening customer trust by getting SOC-2 and SOC-3 certifications.
The impact of COVID-19, as it became a global pandemic in Q1 of 2020, has affected user sentiment toward software during a growing period of fear, uncertainty, and doubt. To analyze the impact, SoftwareReviews compared Satisfaction (willingness to recommend to a peer), ability to deliver Business Value (fair cost to value), and Likeliness to Renew prior to March 10 and post March 10.
ThoughtSpot demonstrates a new approach for enabling customers to build analytics solutions: facilitate integration with other vendors rather than trying to build/sell its own components (e.g. database, data acquisition).
Leading analytics player Tableau recently announced its new initiative – Modern Cloud Analytics (MCA) – which sees it partnering with Amazon Web Services Inc. (AWS) to make cloud-based analytics more achievable for their customers.
C3.ai, a leading enterprise AI software provider, announced in October 2019 the launch of Smart Institutions, an AI-powered, holistic energy-as-a-service software solution for universities, municipalities, corporate campuses, and hospitals.
Salesforce has agreed to acquire Tableau for the share equivalent price of $15.7 billion. Salesforce is the largest CRM platform and Tableau is the largest BI and analytics platform.