Microsoft plans to acquire a 49% stake in ChatGPT owner OpenAI
ChatGPT is currently one of the leading topics of discussion on the internet. The Artificial Intelligence application is being utilized to answer questions, write reports, and also formulate software codes. Now, according to a report by Semafor, Microsoft Corp is discussing the possibility of acquiring OpenAI , the parent company of ChatGPT . The tech-industry giant is ready to pay upwards of $10 billion for the acquisition. JUST IN: Microsoft $MSFT in talks to acquire a 49% stake worth $10 billion in ChatGPT owner OpenAI. — Watcher.Guru (@WatcherGuru) January 10, 2023 It is reported that Microsoft’s investment includes a rather peculiar agreement. The organization would receive 75% of OpenAI’s income until it has recovered its initial investment. Additionally, a structure with the ownership of OpenAI would be put in place. Microsoft would entail a 49 percent stake while other investors would take over the other 49 percent. The remaining 2 percent will ...