Microsoft Corp is in talks to invest $10 billion in ChatGPT owner OpenAI, which will value the San Francisco-based company at $29 billion, Semafor reported Monday, citing people familiar with the deal. the subject.
The funding includes other ventures and deal documents have been sent to potential investors in recent weeks, with the aim of closing the round by the end of 2022, the report said.
Microsoft declined to comment, while OpenAI did not immediately respond to Reuters’ request for comment.
The information follows a Wall Street Journal report that said OpenAI was in talks to sell existing shares for a valuation of approximately $29 billion, with venture capital firms such as Thrive Capital and Founders Fund buying shares from existing shareholders.
OpenAI, founded by Tesla Inc CEO Elon Musk and investor Sam Altman, made the ChatGPT chatbot available for free public testing on Nov.
Semafor’s report said the funding terms included Microsoft taking 75% of OpenAI’s profits until it recoups its initial investment once OpenAI figures out how to make money from ChatGPT and other products like the Dall-E imaging tool.
Upon reaching that threshold, Microsoft would have a 49% stake in OpenAI, with other investors getting another 49% and OpenAI’s non-profit parent taking 2%, the report said, without clarifying what the stakes would be until Microsoft recovers. your money.
Microsoft, which invested $1 billion in OpenAI in 2019, was working to launch a version of its Bing search engine using the AI ​​behind ChatGPT, the Information reported last week.
Source: CNN Brasil
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