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.
Although it is unclear if the deal was finalized, the goal was to have it completed by 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 did not comment on the report.
The AI model, a variant of GPT-3, has been used for everything from writing code to essays for schools. ChatGPT’s investment would allow Microsoft to compete in the Google-dominated market for web search.
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 founded in 2015 by Silicon Valley entrepreneur Sam Altman while ChatGPT launched in late November.