Microsoft Corp MSFT.O is in talks to invest $10 billion in ChatGPT-owner OpenAI as part of funding that will value the firm at $29 billion, Semafor reported on Monday, citing people familiar with the matter.
declined to comment, while OpenAI did not immediately respond to Reuters requests for comment.Microsoftlast year unveiled plans to integrate image-generation software from OpenAI into its search engine Bing. A recentlooks to take on market leader Google Search.will also get 75% of OpenAI's profits until it recoups its initial investment.would have a 49% stake in OpenAI, with other investors taking another 49% and OpenAI's nonprofit parent getting 2%, Semafor said.
It spends about a few cents in computing power every time someone uses its chatbot, Altman recently said insaid last week OpenAI was in talks to sell existing shares at a roughly $29 billion valuation in a tender offer that would attract investment of at least $300 million.
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Microsoft in talks to invest US$10B in ChatGPT-owner OpenAI: reportMicrosoft Corp is in talks to invest US$10 billion in ChatGPT-owner OpenAI as part of funding that will value the firm at $29 billion, Semafor reported on Monday, citing people familiar with the matter.
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Microsoft reportedly in talks to invest US$10-billion in ChatGPT-owner OpenAIAccording to Semafor, Microsoft will also get 75% of OpenAI’s profits until it recoups its initial investment
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