Microsoft CEO Satya Nadella says Bill Gates told him his big bet on OpenAI would be a flop: 'Yeah, you're going to burn this billion dollars'.

The article discusses Microsoft's significant investment in OpenAI, which has led to OpenAI becoming the world's most valuable private company. Initially, Microsoft invested $1 billion in 2019 despite skepticism from figures like cofounder Bill Gates, who doubted the viability of the nonprofit startup. Over time, Microsoft increased its investment to $13 billion, resulting in a 27% stake in OpenAI, valued at approximately $135 billion. The partnership has proven financially beneficial for Microsoft, with OpenAI contributing $7.6 billion to its net income and agreeing to pay 20% of its revenue to Microsoft through 2032. Gates has since acknowledged the rapid advancements in AI, suggesting that many tasks may eventually be automated. [Extracted from the article]