san francisco Microsoft is planning a multi-billion dollar investment in the field of artificial intelligence (AI). The software manufacturer wants to invest ten billion dollars in OpenAI and thus secure a 49 percent stake in the provider of the chatbot software ChatGPT, the website “Semafor” reported on Tuesday, citing insiders. That would value the company, co-founded by Tesla CEO Elon Musk, at $29 billion.
Venture capitalists also participated in the deal. Microsoft declined to comment on the matter. OpenAI could not initially be reached for comment. The Handelsblatt reported last week that OpenAI is in a new round of financing and Microsoft could become an important donor.
The Wall Street Journal had previously written that investors such as Thrive Capital and Founders Fund were negotiating the purchase of OpenAI shares and also valued the AI specialist at around $29 billion.
ChatGPT is software that simulates a conversation with a human. This allows users to type in questions that the program will answer in natural language. However, it can also create its own texts based on a few key points. Currently, ChatGPT is available for everyone to try for free.
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Microsoft had already invested a billion dollars in OpenAI in 2019. The company is working on bringing the AI behind ChatGPT to its Bing search engine.
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