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BullNBear52

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BullNBear52

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Tuesday, 01/10/2023 12:29:20 PM

Tuesday, January 10, 2023 12:29:20 PM

Post# of 54376
Microsoft reportedly plans to invest $10 billion in creator of buzzy A.I. tool ChatGPT
PUBLISHED TUE, JAN 10 20237:00 AM EST
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Ryan Browne

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Microsoft is set to invest $10 billion in OpenAI as part of a funding round that would value the company at $29 billion, news site Semafor reported Tuesday.
Microsoft will reportedly get a 75% share of OpenAI’s profits until it makes back the money on its investment, after which the company would assume a 49% stake in OpenAI.
A bet on ChatGPT could help Microsoft boost its efforts in web search, a market dominated by Google.

https://www.cnbc.com/2023/01/10/microsoft-to-invest-10-billion-in-chatgpt-creator-openai-report-says.html

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