Microsoft in talks to invest $10B into ChatGPT owner: Semafor

of the company in a tender offer that would value the firm at $29 billion. Venture capital firms including Thrive Capital and Founders Funds were in talks to invest at least $300 million in the share sales, according to the Journal.

As part of the current deal Microsoft is negotiating, it's proposing to get 75% of OpenAI's profits until it gets it recovers its investment, after which Microsoft's aims to get 49% stake in the company, per the media outlet. Other investors are expected to own another 49% of the company, while OpenAI's nonprofit parent would hold the remaining stake, per Semafor. speculation.

This would not be the first time Microsoft's looking at an investment into OpenAI. The tech titan has already

For Bill Gates, this purchase is contraindicated

What is Microsoft doing for those who can't even buy food and pay housing bills💯people need jobs updating software advance technology it doesn't help humans get rich💯

Health Health Latest News, Health Health Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A Mental Health App Tested ChatGPT on Its UsersKoko used GPT-3 to counsel 4,000 people but shut the test down because 'it felt kind of sterile.' Users rated the AI responses highly. Cue the Twitter backlash. What would we do without this ? Ppl are so weak. Hahaha
Source: Gizmodo - 🏆 556. / 51 Read more »

CVS exploring $10B-plus acquisition of Oak Street HealthOak Street, with a market value of about $5.5 billion, rose as much as 32% in after-hours trading.
Source: PennLive - 🏆 463. / 53 Read more »