Microsoft Is Considering A $10 Billion Investment In ChatGPT’s OpenAI
- Microsoft is reportedly discussing a $10 billion investment in OpenAI, the company behind ChatGPT, the popular AI chatbot that went public in November.
- Microsoft will retain 75% of OpenAI’s earnings until the initial investment has been returned. Microsoft will hold 49% of the company after the initial payment is made.
Microsoft is apparently in talks to invest $10 billion in OpenAI, the firm behind ChatGPT, the popular AI chatbot that went public in November.
Microsoft’s $10 billion investment will increase the San Francisco-based AI research firm’s valuation to $29 billion, according to Semafor news agency, citing sources familiar with the situation. Microsoft will keep 75% of OpenAI’s income until the initial investment is repaid. Once the initial payment is withdrawn, Microsoft will own 49% of the company.
In 2015, entrepreneur and programmer Sam Altman, Tesla founder Elon Musk, computer scientists Ilya Sutskever, Wojciech Zaremba, John Schulman, and researcher Greg Brockman formed OpenAI. ChatGPT, an AI-powered chatbot that attracted over a million users in the first five days of its launch, is being positioned as a potential competitor to search engines such as Google. Crypto enthusiasts and traders have utilized ChatGPT to conduct research, build trading bots, and assist developers with code.
Microsoft changed its policy conditions on December 12 to indicate that crypto mining is not authorized on its online services without prior approval. The upgrade prohibits users from mining on the company’s internet services, including the Azure cloud platform. The upgrade was announced on December 1.
The change was characterized as one of several steps made to “protect the partner ecosystem,” referring to partner organizations that try to sign up software clients to Azure’s cloud services. The acceptable usage policy’s new universal licensing requirements indicate that neither customers nor those who access an Online Service through a customer may use an Online Service to mine bitcoin without the company’s prior written approval.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu