#microsoft openai

Microsoft eyes to invest USD 10 billion to OpenAI who rose into popluarity through its own AI tool, ChatGPT. The investment, including other venture firms would boost the value of OpenAI to USD 29 billion. Microsoft's $10 billion investment in ChatGPT would be part of a complex arrangement that sees the company receive 75% of OpenAI's profits until it regains the money MS has put in, Semafor reported citing people familiar with the matter. Though, it is uncertain whether the money OpenAI spends on Microsoft's cloud-computing service would be taken into account when calculating the threshold. Microsoft's stake in OpenAI would reach 49% when that threshold is reached, with other investors taking 49% and OpenAI's nonprofit parent receiving 2%. OpenAI could deploy Microsoft's extensive data to train more advanced AI models. Microsoft last year introduced its new app Designer that integrates AI-generated art — using OpenAI's text-to-image model DALL-E 2 — with graphic design. According to The Information, Microsoft's long-term goal is to challenge Google as the market leader. Read more in our articles including "Microsoft plans to invest USD 10 billion in OpenAI—the firm behind ChatGPT" and "Microsoft to end Adobe Flash support for Windows 10 in July".