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Microsoft Corp. is in Agreement to Invest $10 billion in OpenAI 

Elon Musk and financier Sam Altman founded OpenAI, which released the chatGPT chatbot for free public testing on November 30. A chatbot is a piece of software that mimics human communication by using user input.

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Microsoft Corp. is in Agreement to Invest $10 billion in OpenAI 

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  1. Search here ...  Microsoft Corp. is in Agreement to Invest $10 billion in OpenAI   Home - Fund Raising - Microsoft Corp. is in Agreement to Invest $10 billion in OpenAI  Fund Raising  January 11, 2023       

  2. According to Semafor, which referred to reasserts acquainted with the situation, Microsoft Corp. is in discussions to invest $10 billion in OpenAI, the corporation that owns ChatGPT, valuing the San Francisco-primarily based totally commercial enterprise at $29 billion.  The investment has come from other venture 몭rms, and in recent weeks, transaction paperwork has been sent out to potential investors with the intention of closing the round by the end of 2022, according to the article.  This comes after the Wall Street Journal reported that venture capital companies including Thrive Capital and Founders Fund were interested in purchasing current owners’ shares as part of an agreement for OpenAI to sell existing shares valued at roughly $29 billion.  In order for Microsoft to recover its initial investment when OpenAI works out how to generate money on ChatGPT and other products like the picture creation tool Dall-E, the funding terms stipulate that Microsoft will receive 75% of OpenAI’s income up to that point, according to the Semafor report.  According to the article, which does not de몭ne the stakes until Microsoft receives its money back, at that point Microsoft will control 49% of OpenAI, along with 49% owned by other investors and 2% owned by OpenAI’s nonpro몭t parent.   Elon Musk and 몭nancier Sam Altman founded OpenAI, which released the chatGPT chatbot for free public testing on November 30. A chatbot is a piece of software that mimics human communication by using user input.  You can share this post!         Previous article Gains for Adani Ports as Adani- Next article  Relevel New Year’s 40 Layoffs 

  3. led Consortium Completes Purchase of Haifa Port Related Articles Leave a Reply Your email address will not be published. Required 몭elds are marked * Comment * Name * Email * POST COMMENT Search here ...  Latest Update RECENT POPULAR COMMON  January 11, 2023 Relevel New Year’s 40 Layoffs 

  4.  January 11, 2023 Microsoft Corp. is in Agreement to Invest $10 billion in OpenAI   January 11, 2023 Gains for Adani Ports as Adani-led Consortium Completes Purchase of Haifa Port  January 11, 2023 For Its 13th Edition, IAA Olive Crown Continues to Develop Internationally Most Viewed  December 14, 2022 In A Seed Funding Round, Contlo Raises $3.5 Million    December 14, 2022 Paytm Shares Decline By 3% As A Rs 850 Billion Repurchase Falls Short Of Investors’ Expectations   December 16, 2022 Bharat Krushi Seva Receives INR 43 Million in Startup Money from Renowned Investors 

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  6.  January 11, 2023 Gains for Adani Ports as Adani-led Consortium Completes Purchase of Haifa Port Newsletter Subscribe to our mailing list to get the new updates!  Subscribe our newsletter to stay updated

  7. Your email address  About Indiabiz Recent Post  January 11, 2023 Relevel New Year’s 40 Layoffs   January 11, 2023 Microsoft Corp. is in Agreement to Invest $10 billion in OpenAI   January 11, 2023 Gains for Adani Ports as Adani-led Consortium Completes Purchase of Haifa Port Popular Categories Trending Post Campaigns Digital Media In A Seed Funding Round, Contlo Raises $3.5 Million   Fund Raising Marketing Markets Politics Startups Paytm Shares Decline By 3% As A Rs 850 Billion Repurchase Falls Short Of Investors’ Expectations  Bharat Krushi Seva Receives INR 43 Million in Startup Money from Renowned Investors 

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