the rising interest in Artificial intelligence company OpenAI, whose ChatGPT chatbot has astounded amateurs and industry experts with It ability to spit out haikus, debugging code and answering questions while imitating human speech, perhaps also Led to Microsoft’s investment of $ 10 billion in company as part of The financing would value the company at $29 billion, according to reports.
Finance can also Other include venture Companies and documents sent to potential investors outline them terms Indicates a target close by end of 2022, according to a Semaphore report, citing people familiar with Subject.
Microsoft declined For comment, while OpenAI did not immediately respond to Reuters’ requests for comment.
the software Giant invested 1 billion dollars in Open AI in 2019, Founded by Elon Musk and Sam Altman. Microsoft’s cloud services arm also Provides computing power needed by an artificial intelligence company.
Microsoft last year reveal plans To integrate image generation software From OpenAI to Bing. A recent report of similar information plans It was underway for ChatGPT as Microsoft on market Google search leader.
According to Semaphore, Microsoft will also get 75% of OpenAI profits until they get back their initial investment.
after hitting it thresholdMicrosoft will have a 49% stake in open ai, with Other investors took another 49% and the non-profit OpenAI Foundation parent Get 2%, Semaphore said.
Reuters reported last The month OpenAI’s latest offer to investors said that organization You expect $200 million in Revenues next year and $1 billion by 2024.
OpenAI fee developers licensing it technology For a penny or a little more To generate 20,000 words of Text and about two cents to create an image from a written prompt.
Spend about a few cents in computing power Altman said recently that every time someone uses his chatbot in A tweet that raised concerns about OpenAI cash burn.
Wall Street Journal report said last The week was OpenAI in Talks to sell the list shares with a valuation of approximately $29 billion in A tender offer would attract investment of At least $300 million.