Microsoft on Track to Invest $10 Billion in A.I Tool, "ChatGPT"

Microsoft has announced plans to invest $10 billion in OpenAI,

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the technology company behind the popular artificial intelligence tool ChatGPT.

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This investment is set to increase the valuation of OpenAI to an estimated $29 billion.

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As part of the deal, Microsoft will receive a 75% share of OpenAI's profits until the investment is recouped.

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The company will assume a 49% stake in the profitable AI company.

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According to Semafor, if the threshold is reached, Microsoft will hold a 49% stake in OpenAI,

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with other investors holding 49%, and the remaining 2% going to the nonprofit parent of OpenAI.

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This move by Microsoft is a sign of the growing interest in artificial intelligence.

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OpenAI, with its versatile chatbot that can generate haikus, troubleshoot code,

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and mimic human speech while providing answers to questions, has captured the attention of both industry experts and the general public.

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Some experts believe that this investment in ChatGPT could be Microsoft's secret weapon to compete with Google in the web search market.

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The investment is set to give OpenAI more resources to continue to build out its AI technology and expand its research into artificial general intelligence (AGI).

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The partnership will also offer Microsoft access to cutting-edge AI research and technology that can be integrated into its products and services.

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