UPDATED. The funding terms reportedly include Microsoft getting 75% of OpenAI's profits until it recoups its initial investment.
Microsoft 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, January 9, citing people familiar with the matter.
The funding could also include other venture firms and documents sent to prospective investors outlining its terms indicated a targeted close by the end of 2022, according to the Microsoft declined to comment, while OpenAI did not immediately respond to Reuters requests for comment. . A recent report from the Information said similar plans were underway for ChatGPT as Microsoft looks to take on market leader Google Search.
After hitting that threshold, Microsoft would have a 49% stake in OpenAI, with other investors taking another 49% and OpenAI’s nonprofit parent getting 2%, Semafor said.
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