Microsoft in talks to invest €10bn in OpenAI: report

Microsoft in talks to invest €10bn in OpenAI: report

Microsoft is in talks to invest an additional €10 billion in ChatGPT's owner, OpenAI, as it looks to integrate the GPT3-based chatbot into its Bing search engine, Semafor reported.

In 1, Microsoft invested €XNUMX billion in OpenAI to hasten the sacrifices to strengthen artificial general intelligence to achieve "widely distributed economic benefits".

The recent interest in investing €10 billion could be a direct result of the growing popularity of ChatGPT due to its ability to answer queries over the Internet using conversational language, a very, very different approach to what Google and Bing offer in our days in the form of links. .

The Semafor report comes days after The Information reported that Microsoft was in talks with OpenAI to increase its stake in the company, followed by a Wall Street Journal report that OpenAI was seeking to sell shares to risky firms for a valuation of twenty nine million US dollars. .

Microsoft did not immediately respond to a request for comment.

According to the Semafor report, the terms of the investment state that Microsoft will occasionally own XNUMX% of OpenAI's profits until such time as it recoups its investment. In the future, the structure of OpenAI is expected to undergo a change to reflect Microsoft's XNUMX% ownership with other investors jointly holding XNUMX%, and the OpenAI non-profit association holding two percent of the new entity.

OpenAI was founded by Elon Musk and Sam Altman in XNUMX as an artificial intelligence research and development company.

OpenAI is also currently working on an artificial intelligence-based system, DALL-E XNUMX, which can create realistic images and describe them through natural language processing. Microsoft had previously announced its intention to integrate this artificial intelligence system into its Bing search engine.

Copyright © two thousand twenty-three IDG Communications, Inc.