Microsoft is considering investing $10 billion in OpenAI, which created the popular artificial intelligence chatbot ChatGPT.
Microsoft is “in talks” to invest at a $29 billion valuation, according to Semafor, citing people familiar with the matter.
The funding also includes other ventures, according to the report. It’s unclear if this has been finalized, but the plan was reportedly for a deal to be signed by the end of 2022.
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The deal is complex and includes Microsoft receiving 75% of OpenAi’s profits until they are refunded. Microsoft would then own a 49% stake in Open AI, with other investors taking another 49%, and OpenAI’s non-profit parent company would eventually own 2% of his stake. will be
Microsoft already owns part of OpenAI, and according to a report in The Information dated October 2022, OpenAI is looking to raise more money from Microsoft. And according to a recent report, Microsoft is looking to enrich search engine Bing with ChatGPT.
None of these things go unnoticed by Google, which dominates the search engine space with a 90% market share. The New York Times reported in December 2022 that Google, which is working on its own chatbot, sees ChatGPT as a serious threat to its business.
OpenAI is also behind DALL-E, an AI-based app that can generate photorealistic images based on text prompts. The company is also working on many other tools, such as Point-E, which can create 3D objects based on simple text input.
As for ChatGPT, it still seems to be growing in popularity, with people coming up with new ways to use the bot every day. This includes students using it to create essays for school assignments, and hackers creating malware with the help of ChatGPT. Most recently, the people at Vixus asked his ChatGPT to write a Sherlock Holmes mystery, with mixed results.
