Microsoft plans to invest $10 billion in creator of ChatGPT
Microsoft is set to invest $10 billion in OpenAI as part of a funding round that would value the company at $29 billion.
Microsoft will reportedly get a 75% share of OpenAI’s profits until it returns the money on its investment, after which the company will assume a 49% stake in OpenAI.
Bet on ChatGPT could help Microsoft boost its efforts in web search, a market dominated by Google.
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