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Current Affairs 2023
OpenAI Secures Potential $10 Billion Investment from Microsoft, Valuation at $29 Billion - UPSC Current Affairs
Microsoft is reportedly in talks to invest $10 billion into OpenAI, the company behind the popular chatbot ChatGPT, with the deal valuing OpenAI at $29 billion. The funding round also includes other venture firms, with documents sent to prospective investors recently and plans to close the round by the end of 2022. OpenAI was founded by Tesla CEO Elon Musk and investor Sam Altman.
Jan 10, 2023
1 min read
OpenAI, the company behind the popular chatbot ChatGPT, is reportedly in talks with Microsoft to receive a $10 billion investment.
The deal would value OpenAI at $29 billion and reportedly includes other venture firms. Reports indicate that documents were sent to prospective investors in recent weeks.
Neither Microsoft or OpenAI have publicly commented on the reported investment.
OpenAI was founded by Tesla CEO, Elon Musk and investor, Sam Altman and had made the ChatGPT chatbot publicly available for testing in November 30.
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