Billions of dollars from Microsoft. Giant wants to invest in ChatGPT owner
Microsoft could invest up to $10 billion. at artificial intelligence company OpenAI. This company is behind the ChatGPT chatbot. This is a software that is gaining immense popularity all over the world, the possibilities of which seem to be revolutionary.
Microsoft is considering investing $10 billion in the owner of ChatGPT. According to people familiar with the matter, there has been talk about it for a long time.
If the investment actually took place, they would value OpenAI, the company behind the chatbot, at $29 billion. It is not yet clear whether the deal has already been completed, but documents sent to potential investors indicate a target closing of the contract by the end of 2022, according to sources. The Wall Street Journal previously reported that ChatGPT allows employees and early investors to sell $29 billion worth of stock.
The OpenAI agreement with Microsoft is quite complex. According to him, the giant from Redmond would receive 75 percent of the company. It is worth noting here that OpenAI currently does not make money on its product, but only loses. As Sam Altman, President of OpenAI, tweeted, every time someone talks to a chatbot, we lose a few cents. A bot can, for example, talk about any topic in natural language, write poems, articles, tell jokes, give recipes, and even create programs. ChatGPT, in the words of Elon Musk, is “terrifyingly good.”