Microsoft to Own 49% of OpenAI Once $10B Deal Closes - Metaroids

Reports have surfaced that Microsoft Corp. is in advanced negotiations to make a massive investment in OpenAI, the company behind the revolutionary ChatGPT chatbot. Insiders reveal that the deal could see Microsoft pumping in a whopping $10 billion, which would value OpenAI at an impressive $29 billion. This means that the non-profit OpenAI Inc. could own a measly 2% while 49% will remain for other investors as Microsoft eats up the lion's share. This potential investment has far-reaching implications for the future of OpenAI and the broader AI sector. The decision to make Microsoft the majority shareholder could potentially change OpenAI's initial goals of being open and accessible to the public, its namesake. It could also raise questions about the future direction and priorities of the organization and its products.