Microsoft is considering an investment of more than €9 billion in the developer of ChatGPT, Bloomberg reports based on sources familiar with the matter.
According to the rumours, the tech giant wants to invest $10 billion (about €9 billion) in OpenAI over a period of several years. Bloomberg stressed that the definitive figure is subject to change. Both parties have reportedly been discussing the investment for several months.
Other investment companies are rumoured to be interested as well. The deal at hand reportedly involves about $29 billion. Sources claim the deal was supposed to have been completed by the end of last year.
OpenAI, ChatGPT and Microsoft
It’s become increasingly clear that Microsoft is intensively collaborating with OpenAI. Insiders recently reported that the tech giant wants to incorporate ChatGPT into a Bing-like search engine. Furthermore, Microsoft is said to be integrating the model with Outlook and Word.
OpenAI develops AI solutions and applications. The organization was founded by Tesla chief Elon Musk and Silicon Valley investor Sam Altman. OpenAI generates income by licensing technologies to developers.