According to a report by Semafor, Microsoft along with other venture firms is looking to invest $10 billion in OpenAI — the company behind ChatGPT. As per the report, the investment would raise OpenAI’s valuation to $29 billion. The report also says that the documents for the deal have been sent to prospective investors and could be announced soon.
A “complicated” deal?
The report also mentions that Microsoft is looking to get 75% of OpenAI’s profits till the company’s investment is recovered. It is also not clear whether the money OpenAI spends on Microsoft’s cloud computing business would be a part of it or not. Once Microsoft gets its investment, it wants a 49% stake in the company whereas other investors taking the other 49%. OpenAI, which is a non-profit company, will end up with 2% stake. Neither Microsoft nor OpenAI have commented publicly on if any deal is in the works or not.
Microsoft looking to bring ChatGPT to its apps
In the last few weeks, several reports have suggested that Microsoft is looking to ChatGPT into its apps and services. A report by The Information has revealed that Microsoft has been working on bringing ChatGPT to Word, Outlook and Powerpoint. For Outlook, the report says that Microsoft wants to use ChatGPT’s tech to improve search results. The report also says that Microsoft has also been exploring the idea of using ChatGPT’s AI model to suggest replies to some emails.
There were also reports that suggested Microsoft may incorporate ChatGPT’s capabilities into Bing — its search engine. So far, it’s not clear if Microsoft is just experimenting with ChatGPT or could actually roll it out in its products and services. If the $10 billion investment does go through, we could see more of ChatGPT across Microsoft’s apps and services.
For all the latest Technology News Click Here
For the latest news and updates, follow us on Google News.
