Microsoft reportedly plans to invest $10 billion in creator of buzzy A.I. tool ChatGPT
Publishing timestamp: 2023-01-10 12:00:57
Summary
Microsoft is set to invest $10 billion in OpenAI, a startup behind the popular artificial intelligence tool ChatGPT, as part of a funding round that would value the company at $29 billion. Microsoft will reportedly get 75% share of OpenAI's profits until it makes back money on its investment, after which it would assume a 49% stake in OpenAI. The investment could help Microsoft boost its efforts in web search, a market dominated by Google.
Sentiment: POSITIVE
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