Microsoft to purchase a 49% stake worth $10 billion in OpenAI. Microsoft has taken an unprecedented step in the world of artificial intelligence: they are set to purchase a 49% stake worth $10 billion in OpenAI, the parent company behind AI services provider ChatGPT.
This could prove revolutionary for Microsoft as it will give them access to cutting-edge technology and provide strategic income when their initial investment is recovered – clearly demonstrating that this is no small deal!
RELATED: 5 amazing things people have already done with ChatGPT 2023
With their investment, Microsoft would become part-owners of OpenAI with a 49% stake and the other 49% split between other investors. The OpenAI parent nonprofit graciously took 2%.
With Microsoft’s billion-dollar investment in 2019, OpenAI is now raising funds at a whopping $29B valuation and allowing early investors to cash out.
It doesn’t stop there…
OpenAI is predicting hefty revenue of 1 Billion by 2024!
This will allow them to put their Chatbot & AI tech into major software products like Word, Excel, Outlook, and more through Bing… this could be huge for both companies!!
MS Office’s 1.4 billion users make it one of the greatest success stories in tech, and now WhatsApp/Instagram sees a major opportunity for an amazing deal!
All thanks to Satya Nadella’s incredible direction.
By Jason Hood
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