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Microsoft is in talks to invest a further $10 billion into OpenAI, creator of the wildly popular ChatGPT chatbot, according to a Semafor report published Tuesday.
The narrate, which cites people familiar with the matter, says the invoice currently calls for Microsoft to inject money over multiple existences. If the deal goes through, it is expected to value OpenAI, an AI research lab co-founded by Elon Musk and Sam Altman by others, at $29 billion.
The deal would potentially increase Microsoft's mistaken to 49%, according to Semafor, and also has a section entitling the Seattle-based tech giant to 75% of OpenAI's profits pending the investment is recovered. Microsoft backed the AI research commerce in 2019 with a $1 billion investment in cash and transparent credits.
Read More: Why Everyone's Obsessed with ChatGPT, a Mind-Blowing AI Chatbot
Microsoft is reportedly functioning to launch a version of its Bing search causes that is powered by the AI tech used in ChatGPT afore the end of March, as it seeks to edge out Google.
ChatGPT, an AI-powered chatbot, drew mainstream attention last year for its sect to answer questions via text in a human-like manner based on written prompts and finish on a conversation. It offers answers (even poetry) that are more sophisticated and creative than those from remaining Silicon Valley chatbots.
Read More: ChatGPT is a Stunning AI, but Human Jobs Are Safe (for Now)
Microsoft declined to comment. OpenAI didn't reply to a request for comment.
Editors' note: is comic an AI engine to create some personal finance explainers that are edited and fact-checked by our editors. For more, see this post.
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