AI research lab OpenAI raises $1 billion from Microsoft

San Francisco-based AI research lab OpenAI has raised $1 billion from Microsoft. "Our ambition is to democratise AI, while always keeping AI safety front and centre, so everyone can benefit," Microsoft CEO Satya Nadella said. OpenAI was Co-founded by Elon Musk in 2015, who left its board and daily operations in 2018 to avoid a conflict of interest with Tesla.