.Microsoft eyes $10B investment in ChatGPT developer
The software giant has been meeting with the artificial-intelligence-focused foundation OpenAI with the intent of investing billions into the company following its successful launches of AI image generators and the textbot ChatGPT, according to Semafor. These same investments are being considered at the same time that Microsoft is considering using ChatGPT to enhance its Bing search engine.The investment could involve other venture firms and would value OpenAI at $29 billion.
Microsoft invested $1 billion in OpenAI in 2019 in an initial investment and has established a strategic partnership with the company to develop advanced AI via Microsoft's cloud computing service, Azure. The initial $1 billion has helped the startup's profile grow exponentially through its development of AI image generators and ChatGPT.ChatGPT went viral in December, with users using the bot to write school-level essays and answer complex coding and mathematical queries.
The software is also facing regulatory pressure overseas. The Cyberspace Administration of China announced in December that it was implementing rules that would ban the use of AI-generated images like deepfakes for"fake news" purposes.
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