Microsoft plans to invest $10 billion in ChatGPT AI, a groundbreaking technology.

 A $10 billion investment from Microsoft is being discussed for OpenAI, which owns and runs ChatGPT. Using knowledgeable sources in the sector, Semafor claimed that the company's value would increase to $29 billion. The report claims that more venture firms contributed to the cash. In order to close the financing by 2022, deal documents were recently distributed to prospective investors. This is in response to a Wall Street Journal report that said venture capital firms like Thrive Capital or Founders Fund would buy shares from current shareholders if OpenAI decided to sell its existing shares at a price of about $29 billion.

Elon Musk, the CEO of Tesla, and investor Sam Altman launched OpenAI. On November 30, the ChatGPT chatbot was made freely available for public testing. ChatGPT is capable of considerably more than what is often possible with chatbots, which are software programmes created to mimic human-like discussions with user prompts.

Microsoft was entitled to receive 75% of OpenAI's income, according to Semafor. Once OpenAI has figured out how to make money with ChatGPT and other goods like Dall-image E's production tool, it will then be able to recover its initial investment.

If OpenAI reaches that point, Microsoft would own 49% of it. According to the report, additional investors would receive the remaining 49%, while the nonprofit parent of OpenAI would receive 2%. However, until Microsoft received its money back, the paper did not specify what the stakes would be. Microsoft made a $1 billion investment in OpenAI in 2019 and was developing a new version of Bing that utilised the ChatGPT AI.