Microsoft betting $10 billion on viral AI bot ChatGPT
16 Jan 2023
2 Min Read
CW Team
Microsoft is in discussions to invest as much as $10 billion in OpenAI, the creator of viral artificial intelligence (AI) bot ChatGPT, according to people familiar with its plans.
The proposal under consideration calls for the Redmond, Washington-based software giant to put the money in over multiple years, though the final terms may change, the people said, asking not to be named discussing a private matter.
The two companies have been discussing the deal for months, they added. Semafor earlier reported that the potential investment would involve other venture firms and could value OpenAI at about $29 billion, citing people familiar with the talks.
Documents sent to investors had targeted end-2022 for a deal closing, it added.
Microsoft and OpenAI representatives declined to comment.
ChatGPT has lit up the internet since launching at the end of November, gathering its first million users in less than a week.
Its imitation of human conversation sparked speculation about its potential to supplant professional writers and even threaten Google鈥檚 core search business. The organisation behind it, co-founded by Elon Musk and Silicon Valley investor Sam Altman, makes money by charging developers to license its technology.
The new technology is built on OpenAI鈥檚 GPT-3 language model and comes at the end of a year of headline-grabbing advances in AI. The company鈥檚 Dall-E image-generating model 鈥� which accepts written prompts to synthesise art and other images 鈥� also gave rise to a broad debate about the infusion of AI into creative industries.
Also read
MahaRERA to issue notices to 18,000 developers
MSE's corner 55% of total orders placed on GeM portal
Microsoft is in discussions to invest as much as $10 billion in OpenAI, the creator of viral artificial intelligence (AI) bot ChatGPT, according to people familiar with its plans.
The proposal under consideration calls for the Redmond, Washington-based software giant to put the money in over multiple years, though the final terms may change, the people said, asking not to be named discussing a private matter.
The two companies have been discussing the deal for months, they added. Semafor earlier reported that the potential investment would involve other venture firms and could value OpenAI at about $29 billion, citing people familiar with the talks.
Documents sent to investors had targeted end-2022 for a deal closing, it added.
Microsoft and OpenAI representatives declined to comment.
ChatGPT has lit up the internet since launching at the end of November, gathering its first million users in less than a week.
Its imitation of human conversation sparked speculation about its potential to supplant professional writers and even threaten Google鈥檚 core search business. The organisation behind it, co-founded by Elon Musk and Silicon Valley investor Sam Altman, makes money by charging developers to license its technology.
The new technology is built on OpenAI鈥檚 GPT-3 language model and comes at the end of a year of headline-grabbing advances in AI. The company鈥檚 Dall-E image-generating model 鈥� which accepts written prompts to synthesise art and other images 鈥� also gave rise to a broad debate about the infusion of AI into creative industries.
Also read
MahaRERA to issue notices to 18,000 developers
MSE's corner 55% of total orders placed on GeM portal
Next Story
Reliance, Diehl Advance Pact for Precision-Guided Munitions
Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..
Next Story
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..
Next Story
Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025
The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..
