Microsoft and OpenAI, the company behind the viral artificial intelligence chatbot ChatGPT are in discussions for a deal that would value the latter at $29 billion, according to several reports.
The deal, which would eventually net Microsoft a 49% stake in the upstart firm, also includes a clause that Microsoft would receive three-quarters of OpenAI’s profits until it recovers its investment,Bloomberg
Semafor’s reporting late Monday, though in less certain terms, with sources telling Bloomberg that Microsoft has talked about investing as much as $10 billion into OpenAI at a roughly $29 billion valuation.OpenAI launched ChatGPT to the public free of charge on November 30, with the program quickly surging in popularity as many users marveled at how well the bot modeled human speech.
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