2 years, 2 months ago

Microsoft in talks to invest up to $10 billion in ChatGPT: Report

The hottest startup in Silicon Valley right now is OpenAI, the Microsoft-backed developer of ChatGPT, a much-hyped chatbot that can write a poem, college essay or even a line of software code. Tesla tycoon Elon Musk was an early investor in OpenAI and Microsoft is reported to be in talks to up an initial investment of $1 billion to $10 billion in a goal to challenge Google's world-dominating search engine. 'Not cheap' The dizzying success is due in part to OpenAI's clever marketing strategy in which it made its research accessible to non-experts, said AI specialist Robb Wilson, founder of OneReach.ai, a software company. Founded as a non-profit, the startup became a "capped for-profit" company in 2019 to attract more investors and this week co-founder Greg Brockman said that a paid version of ChatGPT was in the works. Partnering with Microsoft, which provides the startup with its remote computing services, could cut costs, but "either way, it's not cheap," Goldstein said.

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