Microsoft Investment: Microsoft to invest $1 billion in Elon Musk’s company, talks in final stage – mssewb.org

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Microsoft plans to invest $1 billion.

Microsoft.
Microsoft to invest $1 billion in Elon Musk’s company

Highlights

  • 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.
Microsoft Investment: Microsoft Corp. is in talks with OpenAI, the company that owns ChatGPT. Because, they plan to invest about 10 billion dollars in related companies. The investment will bring the San Francisco-based firm’s market value to $29 billion. According to sources aware of the incident. However, no comment has been made by any party in this regard yet. However, there are other venture firms involved in this investment and documents have been sent to all those parties and potential investors. The aim was to complete the entire process by the end of 2022. But it is not complete. According to a report in the Wall Street Journal newspaper, OpenAI was in talks with other venture capitalists about selling shares. Where they want to transfer their current $29 billion stake. They have spoken with Thrive Capital and Founders Fund in this regard. So that they buy shares from existing shareholders in the open market.

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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