The ChatGPT revolution? Microsoft seems to have very big plans for this AI chatbot
Microsoft is reportedly in talks to invest $10 billion into OpenAI, the maker of the popular ChatGPT chatbot, according to a report citing people familiar with deal. Microsoft is weighing up the $10 billion stake in OpenAI in a deal that would involve multiple venture firms, according to Semafor, which reports documents sent to prospective investors indicated a targeted close by the end of 2022. Also: What is ChatGPT and why does it matter? Here's what you need to know The Wall Street Journal reported last week that OpenAI was in talks to sell existing shares in a tender offer that would value it at around $29 billion. OpenAI started as a non-profit but in March 2019 created OpenAI LP as a "capped profit" -- a hybrid for-profit and nonprofit -- in order to attract employees and investors and offer them capped returns if it reaches its goals.
Jan-11-2023, 19:55:08 GMT