Microsoft Plans To Invest In OpenAI

Microsoft Plans To Invest In OpenAI

Microsoft ($MSFT@US) plans to invest $10 billion in OpenAI, the startup known for ChatGPT, as part of a funding round with other investors. Microsoft will reportedly get a 75 percent share of OpenAIโ€™s profits until it makes a return on its investment, at which point the company would have a 49 percent stake in the tech startup. Open AI has garnered a lot of attention in the tech world recently with its ChatGPT, an artificial intelligence tool that is a natural language processing tool. ChatGPTโ€™s capabilities could make Microsoftโ€™s web search tools more competitive with Google ($GOOGL@US).


User: Benzinga

Views: 321

Uploaded: 2023-01-10

Duration: 00:34

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