Although it is unclear if the deal was finalized, the goal was to have it completed by 2022.
According to Semafor, Microsoft will invest $10 billion in OpenAI (the startup behind ChatGPT), according to a report.
The deal is still not finalized. However, it was planned to be completed by the end 2022.
This deal is part of an investment round that includes other investors and would bring OpenAI to $29 billion.
Microsoft will receive 75% OpenAI’s profits up to the time it earns back its invested money. After that, the company will control 49%. OpenAI and Microsoft have not commented on this report.
The AI model, a variant of GPT-3, has been used for everything from writing code to essays for schools. ChatGPT could be a great investment for Microsoft in its efforts to compete on the Google-dominated search market.
ChatGPT has been the topic of conversation for several weeks. This tool uses natural language processing to create text that looks just like it was written by humans.
ChatGPT is Microsoft’s way to compete against Google.
OpenAI was created by Silicon Valley entrepreneur Sam Altman, while ChatGPT was launched in November 2015.