A coalition of philanthropic funders will spend $1 billion over 15 years to help develop artificial intelligence tools to help spur economic mobility.

OpenAI CEO Sam Altman assured SoftBank's Masayoshi Son that AI demand will surge, necessitating increased computing capacity.

Find Fortune 100 Latest News, Videos & Pictures on Fortune 100 and see latest updates, news, information from NDTV.COM. Explore more on Fortune 100.