Microsoft Mulls $10 Billion Investment in ChatGPT Creator – Bloomberg
Microsoft Corp. is in discussions to invest as much as $10 billion in OpenAI, the creator of viral artificial intelligence bot ChatGPT, according to people familiar with its plans.
The proposal under consideration calls for the Redmond, Washington-based software giant to put the money in over multiple years, though the final terms may change, the people said, asking not to be named discussing a private matter. The two companies have been discussing the deal for months, they added.
Semafor earlier reported that the potential investment would involve other venture firms and could value OpenAI at about $29 billion, citing people familiar with the talks. Documents sent to investors had targeted end-2022 for a deal closing, it added.
Microsoft and OpenAI representatives declined to comment.
ChatGPT has lit up the internet since launching at the end of November, gathering its first million users in less than a week. Its imitation of human conversation sparked speculation about its…
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source: https://news.oneseocompany.com/2023/01/09/microsoft-mulls-10-billion-investment-in-chatgpt-creator-bloomberg_2023010939032.html
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