Microsoft considering £8bn investment in Chat GPT owner, says Semafor

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By Azania Patel Microsoft is in talks to invest $10bn (£8.2bn) into ChatGPT-owner Open AI, according to reports by Semafor earlier today, citing people familiar with the matter. According to the report, Microsoft’s investment would take OpenAI’s valuation up to $29bn. The deal would initially be based on a revenue share, which will see Microsoft take 75 per cent of OpenAI’s earnings till it recoups its investment. Following this, Microsoft will reportedly retain a 49 per cent stake in the artificial intelligence business. ChatGPT, a sophisticated chatbot which can answer requests from writing …

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