Microsoft Eyes $10B Investment in ChatGPT Developer

Washington Examiner

Microsoft is considering investing up to $10 billion into the developer of a chatbot that can create essay-length answers and solve difficult problems, a consideration reflective of growing interest in the company’s AI products.

The software giant has been meeting with the artificial-intelligence-focused foundation OpenAI with the intent of investing billions into the company following its successful launches of AI image generators and the textbot ChatGPT, according to Semafor. These same investments are being considered at the same time that Microsoft is considering using ChatGPT to enhance its Bing search engine.

The investment could involve other venture firms and would value OpenAI at $29 billion. It remains unclear if the deal has been finalized, but documents sent to investors outlined an intended close at the end of 2022. The valuation echoes similar estimates provided to investors about selling shares for the company.

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