Microsoft plans to invest $1 billion.
- Microsoft Corp plans to invest about $10 billion.
- The investment will bring the San Francisco-based firm’s market value to $29 billion.
- No comments have been made by any party in this regard yet.
Incidentally, Tesla CEO Elon Musk and Sam Altman are the founders of this OpenAI. The ChatGPT chatbot was opened to the general public on a trial basis last November 30. A chatbot is a type of software application that mimics human speech. According to the funding terms, Microsoft will receive 75% of OpenAI’s profits. Until then, OpenAI can monetize ChatGPT and other products like the image creation tool Dall-E. and can recover his initial investment. After the deal is finalized, Microsoft will have a 49% stake in OpenAI, other investors will take another 49% and OpenAI will hold 2%. But whether it will be profitable is not yet clear.
Because, until Microsoft’s investment money comes up, it’s not at all clear what the overall process is going to be. Incidentally, Microsoft invested nearly $1 billion in OpenAI in 2019. Behind ChatGPT’s AI, the company has since been looking to build a search engine. Which will be very similar to Bing.
But nothing final has been completed yet. Moreover, Microsoft or other parties have not officially opened their mouths in this regard.
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