New Delhi: Microsoft Corporation owner is in talks to invest $10 billion in OpenAI chatgptThat would value the San Francisco-based firm at $29 billion, Semaphore reported on Monday, citing people familiar with the matter.
The funding includes other venture firms and deal documents were sent to potential investors in recent weeks with the aim of closing the round by the end of 2022, the report said.
Microsoft declined to comment, while OpenAI did not immediately respond to a Reuters request for comment.
This follows a report from the Wall Street Journal that said OpenAI was in talks to sell existing shares at a roughly $29 billion valuation, with venture capital firms such as Thrive Capital and Founders Fund buying shares from existing shareholders. Were staying
OpenAI, founded by Tesla Inc CEO Elon Musk and investor Sam Altman, made the ChatGPT chatbot available for free public testing on 30 November. A chatbot is a software application designed to mimic a human-like conversation based on user signals.
Semafor reports that the terms of the funding include Microsoft receiving 75% of OpenAI’s profits until OpenAI spends the money on other products such as ChatGPT and the image creation tool Dall-E, according to OpenAI data. Earn it.
Upon reaching that limit, Microsoft will own a 49% stake in OpenAI, with other investors receiving the other 49% and OpenAI’s nonprofit parent receiving 2%, the report said without clarifying how long Microsoft would hold. Till then what will be the stake till he does not get his money back.
Microsoft, which invested $1 billion in OpenAI in 2019, was working to launch a version of its search engine Bing using the AI behind ChatGPT, The Information reported last week.
The funding includes other venture firms and deal documents were sent to potential investors in recent weeks with the aim of closing the round by the end of 2022, the report said.
Microsoft declined to comment, while OpenAI did not immediately respond to a Reuters request for comment.
This follows a report from the Wall Street Journal that said OpenAI was in talks to sell existing shares at a roughly $29 billion valuation, with venture capital firms such as Thrive Capital and Founders Fund buying shares from existing shareholders. Were staying
OpenAI, founded by Tesla Inc CEO Elon Musk and investor Sam Altman, made the ChatGPT chatbot available for free public testing on 30 November. A chatbot is a software application designed to mimic a human-like conversation based on user signals.
Semafor reports that the terms of the funding include Microsoft receiving 75% of OpenAI’s profits until OpenAI spends the money on other products such as ChatGPT and the image creation tool Dall-E, according to OpenAI data. Earn it.
Upon reaching that limit, Microsoft will own a 49% stake in OpenAI, with other investors receiving the other 49% and OpenAI’s nonprofit parent receiving 2%, the report said without clarifying how long Microsoft would hold. Till then what will be the stake till he does not get his money back.
Microsoft, which invested $1 billion in OpenAI in 2019, was working to launch a version of its search engine Bing using the AI behind ChatGPT, The Information reported last week.